Over $106 billion were invested in Azerbaijan’s oil sector in the period between 1995 and 2019, Energy Minister Parviz Shahbazov has said.

The Trans-Anatolian Natural Gas Pipeline (TANAP) is ‘Energy Silk Route’, Turkey’s Energy Minister Fatih Denmez said on Twitter, Trend reports on June 20.

The Pipeline Receiving Terminal (PRT) of the Trans Adriatic Pipeline (TAP) in the municipality of Melendugno, Italy, 8.2 km away from the coast, is 83 percent complete, Trend reports with reference to the updated data of TAP AG consortium.

Trans Adriatic Pipeline (TAP) will shape Italy’s gas market in several ways, Ashley Sherman, Principal Research Analyst – Caspian & Europe at Wood Mackenzie research and consulting company told Trend.

Onshore construction of the Trans Adriatic Pipeline (TAP), which envisages transportation of Azerbaijani gas to Europe, is almost complete, said Luca Schieppati, TAP Managing Director, Trend reports citing TAP AG consortium.

Trans Adriatic Pipeline (TAP) will shape Italy’s gas market in several ways, Ashley Sherman, Principal Research Analyst – Caspian & Europe at Wood Mackenzie research and consulting company told Trend.

The Trans Adriatic Pipeline (TAP) will soon see the start of laying pipes on bottom of Adriatic Sea, Trend reports citing the TAP AG consortium.

The Trans Anatolian Natural Gas Pipeline (TANAP) will help Turkey ensure its supply security, BP, which holds 12 percent share in the project, told Trend.

The opening ceremony of the second phase (Phase 1) of the Trans-Anatolian Natural Gas Pipeline (TANAP) is an important event for Azerbaijan as the full throughput of the pipeline of 16 billion cubic meters of gas means commercial profit for the country, Director of Eurasia Analytics consulting company Gulmira Rzayeva told Trend.

The launch of the Trans Anatolian Natural Gas Pipeline (TANAP), which is a part of the Southern Gas Corridor (SGC) project, will allow advancement of Azerbaijan’s vital interests, Sohbet Karbuz, Director of Hydrocarbons, Mediterranean Energy Observatory (OME), France told Trend.