Turkey OKs documents on TANAP

By: Aynur Jafarova

Turkish President Recep Tayyip Erdogan has approved two additional documents on the implementation of the Trans-Anatolian (TANAP) gas pipeline project, local media said on October 21.

The approved documents are the memorandums which were signed by the Turkish government and the TANAP consortium on May 26, 2014.

TANAP, developed by SOCAR in collaboration with Turkish Botas and the energy company TPAO, will deliver Shah Deniz’s gas to the Turkish-Greek border from eastern Turkey.

The initial capacity of the pipeline will be 16 billion cubic meters of gas a year. TANAP will link up with Trans-Adriatic (TAP) pipeline on the Turkish-Greek border. About six billion cubic meters of gas will be delivered to Turkey and the rest to Europe. The costs of the TANAP project are estimated at $10 billion to $11 billion.

SOURCE: AZER NEWS

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