Turkey to continue energy projects implementation
Baku, Azerbaijan, Jan.20
By Rufiz Hafizoglu - Trend:
Turkey will continue to implement projects in the energy sector, President Recep Tayyip Erdogan said, Turkish TV channel TRT Haber reported Jan.20.
Turkey has already implemented a number of energy projects together with Azerbaijan he said.
The president also stated that the foundation of Trans Anatolian Gas Pipeline project (TANAP) will be laid in March 2015.
Turkey is becoming the energy hub of the region, Erdogan said.
When Europe was only dreaming about the Nabucco project, Turkey launched the TANAP project he added.
The TANAP project envisages gas transportation from Azerbaijan's Shah Deniz field to Europe through Turkey.
The initial capacity of TANAP is expected to reach 16 billion cubic meters of gas per year. Around six billion cubic meters of gas will be delivered to Turkey, and the remaining volume will be supplied to Europe.
The gas will go to Turkey in 2018, and after the construction of the Trans Adriatic Pipeline (TAP) the gas will reach Europe around in early 2020.
It is planned to commission TANAP in 2018. The project's cost is estimated at $10-11 billion.
Contracts for the supply of pipes for the construction of TANAP were signed in Turkey's Ankara city on Oct.14 with six Turkish and one Chinese company.
Turkey's Mannesmann-Noksel-Erciyas and Umran-Emek consortiums, Toscelik Profil ve Sac Endustrisi, as well as a Chinese contractor Baosteel Europe won the tender for the supply of pipes for the TANAP project.
All the companies that will participate in the construction and supply of the TANAP project in Turkey are exempt from VAT.
Edited by CN
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