IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 03 Mar 2016 | Removal date: open ended
Still in force

Tax or social insurance relief

 On 3 March 2016, the European Commission announced in a press release that it had approved state aid granted by Greece to the Trans Adriatic Pipeline (henceforth: TAP).
The Greek government has agreed to provide TAP with a special tax regime for the duration of 25 years from the operational start of the pipeline. An exact amount of state aid has not been specified; however, TAP will invest 2.3 billion EUR in Greece alone. Also, the pipeline shall satisfy one sixth of Italy's gas consumption after it becomes fully operational.
According to the Commission, "This may give the company an economic advantage over its competitors, who would not benefit from the specific tax regime, and therefore involves state aid in the meaning of the EU rules".
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.
The list of affected trading partners is based on 2014 trade volumes.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271111 Natural gas
271121 Natural gas
334 Petroleum gases & other gaseous hydrocarbons, except natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271112 Propane
271113 Butanes

Please report this page in case you detect an inaccuracy in its content.