Construction of the Trans-Anatolian (TANAP) pipeline project is scheduled to start by the end of next year, president of SOCAR Rovnag Abdullayev said on Saturday.
He said next year the company plans to start buying land for the construction of the pipeline. All the design and regulatory work in the project are conducted in parallel to speed up its implementation, Abdullayev, said. Azerbaijan and Turkey signed an intergovernmental agreement on June 26 on the Trans-Anatolian (TANAP) pipeline project. In December last year, Azerbaijan and Turkey signed a memorandum of understanding to establish a consortium that would build a gas pipeline to supply gas from "Shah Deniz" to Europe through Turkey. Currently, a 20% share in TANAP is owned Turkish BOTAS, while SOCAR has 80%. The initial annual capacity of the pipeline is expected to reach 16 billion cubic meters. About six billion cubic meters will be delivered to Turkey, and the rest - to Europe.