TODAY.AZ / Business

Turkey highly appreciates TANAP, ex-minister says

29 June 2015 [13:44] - TODAY.AZ

/By AzerNews/

By Aynur Karimova

Ankara highly appreciates the Trans-Anatolian gas pipeline project, Egemen Bagis, Turkish ex-Minister for EU Affairs told Trend on June 28.

He said the TANAP project is not an alternative to any energy project, on the contrary, it strengthens other energy projects.

"TANAP, which is a clear example of the Turkish-Azerbaijani cooperation, also makes a significant contribution to the energy security of Europe," he said. “The importance of the TANAP project lies in its energy and political benefits."

Bagis went on to add that currently, Turkey is committed to providing its energy needs.

“Given the fact that Ankara intends to meet its energy needs, one can say that the Southern Gas Corridor is also an important project,” he said.

TANAP envisages the transportation of gas of Azerbaijan’s Shah Deniz field from 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. Around six billion cubic meters of this gas will be delivered to Turkey and the rest of the volume to Europe.

Turkey will receive gas in 2018, and after the Trans-Adriatic Pipeline (TAP) is constructed the gas will be delivered to Europe in early 2020.

BP and the TANAP consortium signed March 13 a shareholder agreement, according to which, BP will become one of the shareholders of TANAP. The agreement is one of the main documents for BP’s ownership of a stake in the TANAP project.

Following the completion of a legal implementation procedure, TANAP’s shareholders list will be as follows: SOCAR – 58 percent, Botas – 30 percent and BP – 12 percent.

The heads of Azerbaijan, Turkey and Georgia have laid the foundation of the TANAP pipeline in the Turkish Kars province on March 17, 2015.

Three Turkish companies, Fernas Insaat A.S., Sicim-Yuksel-Akkord Adi Ortakligi and Tekfen Insaat ve Tesisat A.S. are the contractors for construction of TANAP’s onshore part, which is to be 1,337 kilometers long. They will construct the gas pipeline’s section running up to the Turkish city of Eskisehir.

In March 2015, the TSE said the companies that are to supply pipes for TANAP’s construction project, will have to receive a certificate of that institute.

URL: http://www.today.az/news/business/141773.html

Print version

Views: 1323

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: