Baku, Azerbaijan, Oct. 5
Trend:
If Russia limits supplies of natural gas, Turkey is going to compensate for this by the gas delivered through the Trans-Anatolian (TANAP) pipeline, Minister of Energy and Natural Resources of Turkey Ali Rıza Alaboyun said Oct.5.
"I don't think that Russia will limit the supply of natural gas in the winter months," said the minister.
He went on to add that in 2019, Russia will limit supplies of natural gas through Ukrainian territory. "Every year we get 14 billion cubic meters of gas through this territory," the minister said. "Therefore, in 2019 we may face a shortage of gas. Turkey also plans to compensate for the lack of natural gas through TANAP in 2019."
TANAP project envisages transportation of gas of Azerbaijan's Shah Deniz field from Georgian-Turkish border to the western borders of Turkey. The project's total cost is estimated at $10 billion.
The initial capacity of TANAP pipeline 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 remaining volume will be supplied to Europe.
Turkey will get gas in 2018 and after completing the construction of Trans-Adriatic Pipeline (TAP), it will be delivered to Europe in early 2020.
BP with 12 percent became one of the shareholders of the pipeline in accordance with the agreement signed with the TANAP consortium in April.
Currently, the shareholders of TANAP are: the State Oil Company of Azerbaijan (SOCAR) - 58 percent, Botas - 30 percent and BP - 12 percent.
TAP envisages transportation of gas from the Azerbaijani gas condensate Shah Deniz II field to the EU countries.
The approximately 870 km long pipeline will connect with the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border at Kipoi, cross Greece and Albania and the Adriatic Sea, before coming ashore in Southern Italy.
The pipeline construction is to be launched in 2016.
TAP's initial capacity will be 10 billion cubic meters per year, expandable to 20 billion cubic meters per year.
The first gas as part of the Shah Deniz-2 project will be transported to Europe via TAP in early 2020.
TAP's shareholding is comprised of BP (20 percent), SOCAR (20 percent), Statoil (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).