Minister: Iran, Iraq, Israel and Cyprus can deliver their gas to Europe via Azerbaijan’s infrastructure

Baku: In the future, Iran can join the Trans Anatolian Natural Gas Pipeline Project (TANAP), and supply its gas to Europe via TANAP or other routes.

Azerbaijani Minister of Energy Natig Aliyev made the remarks Wednesday at the Caspian Oil & Gas 2015 conference in Baku.

According to the minister, if the processes go on in such a way, Iran can join TANAP.

“We have repeatedly seen that the US and the EU supports energy projects in Azerbaijan. Maroš Šefčovič, Vice-President of the European Commission, often attends our events and supports these projects. Moreover, he also provides support in the supply of Turkmen gas to Europe,” the minister added.

Iraq, a country with immense energy resources, is also interested in cooperating with Azerbaijan and may play a key role in boosting energy security of Europe, minister Aliyev said.

The minister noted that Israel and Cyprus too can deliver their gas to Europe by using Azerbaijan’s infrastructure. “We have negotiated with Israel and Cyprus, and they say they can deliver their gas to Europe via Azerbaijani infrastructure which passes through Turkey”.

Gas delivery to the neighboring country via TANAP, a project of huge importance in terms of ensuring energy security of Turkey and EU countries and diversification of supplies, is expected to start in 2018. With 16 billion cubic meters per year initially, the volume of gas delivery is intended to gradually increase up to 24 billion cubic meters then 31 billion cubic meters.

In 2020, the 1850km-long TANAP line will start delivering natural gas which it will buy through the South Caucasus Pipeline by connecting Trans-Adriatic Pipeline (TAP) to Europe through Greece, Albania, and Italy.

The project’s cost is estimated at $10-11 billion

Stocks among TANAP shareholders have been divided as follows: Southern Gas Corridor Company – 58%, BOTAS – 30%, BP – 12%.