Azerbaijan, Turkey to speed up TANAP construction

By: Aynur Karimova

Azerbaijan and Turkey will speed up the construction of the Trans-Anatolian gas pipeline.

This was stated by Kenan Yavuz, the head of SOCAR Turkey Enerji.

He said in an interview with the Turkish media that at present, TANAP is one of the major energy projects.

TANAP envisages the transportation of gas from Azerbaijan’s Shah Deniz field on the Georgian-Turkish border to the western borders of Turkey.

TANAP’s initial capacity is expected to reach 16 billion cubic meters of gas per year. Some six billion cubic meters of this gas will be delivered to Turkey and the rest will go to Europe.

TANAP’s shareholder list will be as follows: SOCAR, 58 percent; Botas, 30 percent; and BP, 12 percent. The capital costs of the TANAP project are expected to stand at $9.5 billion.

It is expected that the TANAP project will be implemented in time – in 2018, and possibly even earlier.

SOURCE: AZER NEWS