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Participants of TANAP offshore section construction tender announced

Business Materials 23 June 2015 15:13 (UTC +04:00)
Six companies will participate in the tender for the construction of an offshore section of the Trans-Anatolian gas pipeline (TANAP), Anadolu agency said June 23.
Participants of TANAP offshore section construction tender announced

Baku, Azerbaijan, June 23
By Rufiz Hafizoglu - Trend:

Six companies will participate in the tender for the construction of an offshore section of the Trans-Anatolian gas pipeline (TANAP), Anadolu agency said June 23.

The tender was announced by Turkey.

Such companies as Micoperi S.r.l., MRTS-Fernas İnşaat AŞ Joint Venture, Saipem S.p.A, Swiber Offshore, Construction PTE LTD, TL Offshore Sdn. Bhd. (a Sapura Kencana Petroleum Group Company) and Valentine Maritime LTD Honeywell AŞ will participate in the tender.

TANAP 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 of this gas will be delivered to Turkey and the rest of the volume to Europe.

Turkey will receive gas in 2018, and after the Trans-Adriatic Pipeline (TAP) is constructed the gas will be delivered to Europe in early 2020.

BP and the TANAP consortium signed March 13 a shareholder agreement, according to which, BP will become one of the shareholders of TANAP. The agreement is one of the main documents for BP's ownership of a stake in the TANAP project.

Following the completion of a legal implementation procedure, TANAP's shareholders list will be as follows: SOCAR - 58 percent, Botas - 30 percent and BP - 12 percent.

Edited by CN

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Follow the author on Twitter: @rhafizoglu

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