Azerbaijan, Baku, Dec. 26 / Trend, A. Taghiyeva /
After signing a memorandum on the construction of new pipeline Trans Anadolu (TANAP) negotiations regarding the project cost and terms of completion of the construction will be launched between the parties, Turkish Energy Ministry told Trend on Monday.
The gas pipeline will be constructed based on an agreement signed in October 2011 between Turkey and Azerbaijan to supply Azerbaijani gas from "Shah Deniz 2" to Europe, the ministry said.
This pipeline will supply gas from Azerbaijan to Bulgaria through Turkey.
Turkey and Azerbaijan signed a Memorandum of Understanding (MoU) on Monday to establish a consortium which will construct a gas pipeline.
The State Oil Company of Azerbaijan (SOCAR), Turkey's state-owned pipeline operator Botas Boru Hatlari Ile Petrol Tasima AS and oil company Turkiye Petrolleri A.O. will be founders of the consortium, with more international oil and gas companies to be further involved, the report says.
The Memorandum was signed by the two countries' energy ministers Natig Aliyev and Taner Yildiz.
Azerbaijani-Turkish Trans Anadolu (TANAP) gas pipeline will pass from Turkey's eastern border to the western border.