TANAP to contribute to growth of Turkish economy
By Aynur Jafarova
The Trans-Anatolian (TANAP) gas pipeline project will contribute to the growth of the Turkish economy.
This remark was made by Turkish Energy and Natural Resources Minister Taner Yildiz in his recent interview with local TV channel.
"The TANAP project is a very important and strategic project for Turkey, as it will help to resolve the issue of gas shortage in the country," the minister added.
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.
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.