Baku, Azerbaijan, Apr. 11
By Rufiz Hafizoglu - Trend:
Iran didn't officially appeal to Turkey on the acquisition of a part of stake in the Trans Anatolian Natural Gas Pipeline (TANAP) project, the Sondakika newspaper quoted Turkey's energy and natural resources minister, Taner Yildiz, as saying Apr. 11.
The minister said Azerbaijan and Turkey continue to implement the TANAP project.
"If the interested countries declare their intention to acquire a part of the stake in TANAP, it will be discussed directly with other shareholders of the project," said Yildiz.
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 of this gas will be delivered to Turkey and the rest to Europe.
Turkey will receive gas in 2018. The gas will be supplied to Europe in early 2020 after the Trans Adriatic Pipeline (TAP) is constructed.
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.
The project's cost is estimated at $10-$11 billion.
Edited by SI
---
Follow the author on Twitter: @rhafizoglu