Turkey OKs MoU on TANAP
By Aynur Jafarova
Turkey ratified a Memorandum of Understanding (MoU) on the Trans-Anatolian (TANAP) gas pipeline project concluded with Azerbaijan on September 17.
The MoU comes into force on the date of ratification, local media reported referring to the Turkish government.
The document was signed by Azerbaijan's Energy Minister Natig Aliyev and his Turkish counterpart Taner Yildiz in Ankara on May 26, 2014.
TANAP, developed by SOCAR in collaboration with Turkish Botas and the energy company TPAO, will deliver Shah Deniz's 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.