Baku, Azerbaijan, Nov.5
By Rufiz Hafizoglu - Trend:
Turkey's Borusan Mannesmann company has received an order from the consortium for constructing the Trans-Anatolian Pipeline (TANAP) for additional pipes valued at $80 million, said the company.
Thus the volume of TANAP consortium's orders in Borusan Mannesmann totaled $500 million.
It was earlier reported that Turkish Borusan Mannesmann, Noksel Celik Boru and Erciyas Celik Boru companies will supply pipes for the TANAP project.
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 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.
Edited by SI
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