As well as the largest Project Financing for European Infrastructure in 2018, TAP is a highly strategic transaction which offering a new source of competitively priced gas for the EU market. The new source of gas will provide diversity and security of supply especially in Southern Europe which is currently reliant on a single supplier. TAP also promotes economic development and job creation along the pipeline route; it is also a major source of foreign direct investment. With first gas to Georgia and Turkey now being delivered, first deliveries to Europe will follow in 2020. The high-profile transaction has the support and involvement of major O&G players such as BP and Socar as well as ECAs, multilaterals (EBRD and EIB underlining importance to Europe) and 17 international MLAs. The deal has a high level of complexity. The sponsors are a mix of midstream and downstream operators for a start. The scheme runs across different countries and takes gas all the way from Azerbaijan. The financing package is multi-sourced.