Turkey to approve paper on TANAP project shortly
Turkey`s parliament is expected to ratify in the coming days a memorandum of understanding on the Trans-Anatolian gas pipeline project (TANAP) signed earlier with Azerbaijan, a source from the Turkish Grand National Assembly told Trend news agency on Monday, adding that the exact date of its approval is yet unknown.
The memorandum was signed to establish a consortium that will build a pipeline to supply gas from the Shah Deniz field in Azerbaijan to Europe through Turkey. Turkey`s Botas has a 20 percent stake in TANAP, while Azerbaijani state energy company Socar has 80 percent.
The initial capacity of the pipeline will be 16 billion cubic meters. Some 6 billion cubic meters of the volume will be allocated to Turkey, while the rest will be transported to Europe.
At present, Azerbaijan is choosing the route for gas exports to Europe via Turkish territory.
The resource-rich South Caucasus republic currently exports gas to the neighboring country via the South Caucasus Pipeline, a section of the Baku-Tbilisi-Erzurum (BTE) pipeline.
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