ECONOMY


60 percent of TANAP construction completed

Baku, January 23, AZERTAC

“First Azerbaijani gas will be transported to Turkey via the Trans Anatolian Natural Gas Pipeline (TANAP) in June 2018. Currently, 60 percent of works on TANAP project completed. First stage, the project cost estimated at $11.7 billion, however, this figure is amount to $8.5 billion. So, $3.2 billion saved,” said SOCAR Turkey Energy Director General Zaur Gahramanov.

“We are not concerned about Israeli gas. As a part of TANAP, we are ready to hold discussions with any company. We can also transport Israeli gas. If Turkey agrees, why not ?!,” he said.

“Turkish Stream project will not affect Azerbaijani gas. Azerbaijan has no difficulties regarding gas sale. We have signed contracts until 2046. Turkey is holding discussions with supplier countries related to the gas price. We are not included in these talks yet. But if the talks required, we will meet,” the SOCAR Turkey Director General said.

The 1,850 kilometre TANAP pipeline, which will transport gas from “Shah Deniz-2” field in Azerbaijan sector of the Caspian Sea to Europe, will run from the Turkish border with Georgia, beginning in the Turkish village of Turkgozu in the Posof district of Ardahan, will run through 21 provinces, until it ends at the Greek border in the İpsala district of Edirne. The pipeline is planned to be commissioned in 2018. It is planned to supply 6 billion cubic meters of gas to Turkey and 10 billion cubic meters — to Europe. By 2023, TANAP's capacity will rise to 23 bcm per year and then to 31 bcm by 2026. The project will require approximately 150,000 pieces of pipe and 1.2 million tons of steel pipes will be used in the project.

Since the beginning of 2020, TANAP will take gas from the South Caucasus Pipeline to Greece, Albania and to Europe via Italy, by joining the TAP pipeline. TANAP shareholders share in the project is as follows: Southern Gas Corridor CJSC - 58 percent, Botas - 30 percent and BP - 12 per cent.

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