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Turkey, Azerbaijan urge Turkmenistan to join TANAP

Business Materials 30 January 2015 14:30 (UTC +04:00)
Turkey and Azerbaijan urge Turkmenistan to take part in the Trans-Anatolian gas pipeline (TANAP) project implementation, Turkish Foreign Minister Mevlut Cavusoglu said in Ashgabat Jan. 29, Turkish news portal Haber 46 reported citing the sources at the country’s foreign ministry.
Turkey, Azerbaijan urge Turkmenistan to join TANAP

Baku, Azerbaijan, Jan. 30

By Rufiz Hafizoglu - Trend:

Turkey and Azerbaijan urge Turkmenistan to take part in the Trans-Anatolian gas pipeline (TANAP) project implementation, Turkish Foreign Minister Mevlut Cavusoglu said in Ashgabat Jan. 29, Turkish news portal Haber 46 reported citing the sources at the country's foreign ministry.

Cavusoglu made this statement during a trilateral meeting of the foreign ministers of Azerbaijan, Turkey and Turkmenistan, held in Ashgabat Jan. 29.

The TANAP project envisages the transportation of gas of Azerbaijan's Shah Deniz field from the Georgian-Turkish border to the western borders of Turkey. TANAP's initial capacity is expected to reach 16 billion cubic meters of gas per year.

Around six billion cubic meters will be delivered to Turkey and the rest of the volume to Europe. Turkey will obtain gas in 2018. The gas will be supplied to Europe in early 2020 after the Trans Adriatic Pipeline (TAP) is constructed. The project's cost is estimated at $10-$11 billion.

Contracts for the supply of pipes for the construction of TANAP were signed in Turkey's Ankara on Oct.14 with six Turkish and one Chinese company.

Turkey's Mannesmann-Noksel-Erciyas and Umran-Emek consortiums, and the company Toscelik Profil ve Sac Endustrisi, as well as the Chinese contractor Baosteel Europe won the tender for the supply of pipes for the TANAP project.

All the companies that will participate in the construction and supply of the TANAP project in Turkey are exempt from the VAT.

Edited by CN

follow the author on Twitter: @rhafizoglu

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