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Turkish minister: Increase in energy reserves enhances Azerbaijan’s role

Oil&Gas Materials 27 January 2012 17:13 (UTC +04:00)
The increase in energy reserves enhances Azerbaijan’s role for Turkey, Turkish Minister of Energy and Natural Resources Taner Yildiz said in an interview with T24 on Friday.
Turkish minister: Increase in energy reserves enhances Azerbaijan’s role

Azerbaijan, Baku, Jan. 27 / Trend A. Taghiyeva /\

The increase in energy reserves enhances Azerbaijan's role for Turkey, Turkish Minister of Energy and Natural Resources Taner Yildiz said in an interview with T24 on Friday.

"The discovery of new gas fields in Azerbaijan is also our achievement," Minister said.

Yildiz said that the implementation of Trans Anadolu (TANAP) project contributes to the supply of Azerbaijani gas to Europe.

Earlier, Azerbaijan and Turkey signed a memorandum of understanding to establish a consortium. It will build a pipeline to supply gas from the "Shah Deniz" field in Europe through the Turkish territory.

The construction of the TANAP gas pipeline is required to export most of 50 billion cubic meters of gas that Azerbaijan intends to produce by 2025.

The participants of the project plan to resolve all issues on this gas pipeline in 2012 and begin construction for the project to be implemented by late 2017, when the implementation of the second stage of Shah Deniz field development is launched. The gas pipeline will be the basis of the Southern Gas Corridor.

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