TANAP gains great importance: SOCAR Turkey
By Aynur Jafarova
The Trans-Anatolian (TANAP) gas pipeline has gained great importance.
The news was announced by President of SOCAR Turkey Energy Kenan Yavuz, Trend Agency reported with reference to Turkish media on June 24.
"Turkey is a key country for the gas transportation from the Caspian Sea to the European markets," he noted.
TANAP, developed by Azerbaijan's state energy company SOCAR in collaboration with Turkish Botas and the energy company TPAO, will deliver Shah Deniz gas to the Turkish-Greek border from eastern Turkey.
The initial capacity of the pipeline will be 16 billion cubic meters of gas a year. TANAP will link up with Trans-Adriatic (TAP) pipeline on the Turkish-Greek border.
About six billion cubic meters of gas will be delivered to Turkey and the rest to Europe. The costs of the TANAP project are estimated at $10 billion to $11 billion.
Azerbaijan's Energy Minister Natig Aliyev and his Turkish counterpart Taner Yildiz signed an agreement to increase Turkey's share in TANAP project to 30 percent in Istanbul on May 30.