Minister: Turkmenistan’s acquisition share in TANAP not discussed

Baku: Azerbaijan and Turkmenistan have not held discussion on Turkmenistan’s acquisition share in TANAP, said the Azerbaijani Energy Minister Natig Aliyev at the business forum.

The Minister noted that neither Azerbaijan nor Turkmenistan have raised this question.

“Turkmenistan’s participation in TANAP is meaningless”, the minister said.

First gas transportation via TANAP is planned to be carried out in 2018. The 1,850 km pipeline will deliver 10 bcm to Europe once it is connected to the Trans Adriatic Pipeline (TAP) by 2020. By 2023, TANAP’s capacity will rise to 23 bcm per year and then to 31 bcm by 2026.

The construction of the Trans Anadolu Gas Pipeline (TANAP) has been estimated to cost $10-$11 billion,

TANAP shareholders: The Southern Gas Corridor (58%), BOTAS (30%), BP (12%).

SOURCE: Azeri Press News Agency