Trans Anadolu pipeline’s initial capacity to be 16 bln bcm
Azerbaijan, Baku, Dec. 26 /Trend A.Badalova, A. Tagiyeva/
The initial capacity of Trans Anadolu gas pipeline (TANAP) will amount to 16 billion cubic meters per year, Hurriyet reported referring to the Minister of Industry and Energy of Azerbaijan Natik Aliyev.
He said the pipeline's capacity can be further expanded to 24 billion cubic meters.
"Azerbaijan has enough energy resources to fill this pipeline," Aliyev said during the signing of Memorandum of Understanding on construction of TANAP.
Turkish Energy Minister Taner Yildiz said the participation share of Turkey and Azerbaijan in this project will amount to 20 and 80 percent respectively. However, these figures can further change, Yildiz said.
The construction of Trans Anadolu gas pipeline (TANAP) is required for the export of most part of 50 billion cubic meters of gas that Azerbaijan intends to produce in 2025. Baku and Ankara intend to construct new pipeline on the Turkish territory.
Yildiz said the pipeline cost will be set by SOCAR and may be close to the figure of $5 billion.
The parties involved in the project intend to resolve all issues on this gas pipeline in 2012. They also plan to commence construction immediately in order to complete it by late 2017. The second stage of development of the Azerbaijani Shah Deniz gas condensate field will be launched during that period.
Azerbaijan and Turkey are working to examine the possibility of constructing a new gas pipeline which will stretch from the eastern border of Turkey to the country's western border, SOCAR President Rovnag Abdullayev said earlier.
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.
TANAP will become a basis for the Southern gas Corridor which is an EU priority energy project diversifying energy supply routes and sources and increasing EU energy security. It includes the Nabucco gas pipeline, Trans Adriatic Pipeline (TAP) and ITGI (Turkey-Greece-Italy pipeline) projects.