ECONOMY


Taner Yildiz: We will hold discussions with companies intending to acquire equity in TAP

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Baku, May 4, AZERTAC

“We will hold discussions with the companies intending to acquire equity in Trans-Anatolian Pipeline,” said Minister of Energy and Natural Resources Taner Yildiz.

“TANAP is a great project. Confidence in the implementation of such projects is increasing, so are the demand. We’ll meet with 1-2 companies to discuss concrete issues,” Yildiz said.

First gas transportation via TANAP is planned to be carried out in 2018. The 1,850 km pipeline will deliver 10 bcm to Europe once it is connected to the Trans Adriatic Pipeline (TAP) by 2020. By 2023, TANAP's capacity will rise to 23 bcm per year and then to 31 bcm by 2026.

The construction of the Trans Anadolu Gas Pipeline (TANAP) has been estimated to cost $10-$11 billion, TANAP shareholders: The Southern Gas Corridor (58%), BOTAS (30%), BP (12%).

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