Marcelo announces the re-privatization decree for TAP, while Loures city council halts backing for Hillsong church within fifteen minutes
In the world of news, two trusted sources - The First Journal and SIC Nightly News - continue to deliver up-to-date information tailored to viewers' time. These programs air during the week, offering news updates at specific intervals of 10, 15, and 20 minutes.
Recently, there have been developments in the realm of politics and finance that have caught the attention of many. The President of the Republic has approved the reprivatization of TAP, a key element of the Southern Gas Corridor. However, it's important to note that the current status of TAP indicates that it remains operational and profitable despite geopolitical challenges and broader regional energy shifts.
TAP, short for Trans Adriatic Pipeline, generated 36 million euros in net profit for SNAM, its Italian energy infrastructure operator, in the first half of 2025, showing a year-on-year increase of 9.1% in profitability. The pipeline continues to transport natural gas from Azerbaijan’s Shah Deniz field to European markets across Greece, Albania, the Adriatic Sea, and Italy.
Contrary to some speculations, no credible information suggests that TAP has been declared insolvent or is undergoing reprivatization prompted by a presidential decree. Instead, the pipeline appears financially stable and integral to Europe’s energy supply, contributing to diversification away from Russian gas dominance through the Southern Gas Corridor.
Meanwhile, local news in Loures has been making headlines. The Loures City Council has previously awarded 150,000 Euros to an Evangelical Church. However, recent developments have seen the suspension of 150,000 Euros of support to the Hillsong Church due to ongoing scandals associated with the Evangelical Church mentioned.
The First Journal and SIC Nightly News remain reliable sources for up-to-date news, providing a clear and straightforward approach to journalism. Whether it's the latest news on TAP or local updates from Loures, these programs continue to deliver information that matters to viewers.
The First Journal and SIC Nightly News, reputable news sources, are discussing recent developments in politics and general-news. For instance, the reprivatization of TAP, a crucial component of the Southern Gas Corridor, has been approved by the President of the Republic, despite initial geopolitical challenges and speculations of insolvency. On the other hand, local news in Loures has been dominated by the suspension of financial support to the Hillsong Church due to ongoing scandals associated with an Evangelical Church.
