Turkish Minister says TANAP construction requires revision of Southern Corridor projects’ routes and tariffs

Turkish Minister says TANAP construction requires revision of Southern Corridor projects’ routes and tariffs

Azerbaijan, Baku, Jan. 26 / Trend A.Badalova /

The construction of Azerbaijani-Turkish Trans-Anatolian Pipeline (TANAP) will require revision of Southern Gas Corridor projects' (Nabucco, TAP and ITGI) routes and tariffs, Turkish Energy Minister Taner Yildiz said in an interview to Reuters.

"If Turkey goes ahead with the construction of TANAP, revisions will need to be made to the routes and tariffs of the Nabucco, TAP and ITGI projects," he said.

TANAP is a proposed Azerbaijan-Turkish project which envisages a construction of pipeline from the eastern border of Turkey to the country's western border.

Azerbaijan and Turkey signed a memorandum of understanding to establish the consortium that will build a gas pipeline. The construction of the Trans Anadolu gas pipeline (TANAP) is required for the export of the most part of 50 billion cubic metres of gas that Azerbaijan intends to produce by 2025.

The cost of TANAP will be set by SOCAR and may be close to the figure of $5 billion. The initial capacity of TANAP will amount to 16 billion cubic meters per year.

Yildiz said that ground breaking on the TANAP project was projected to be at end-2013, with operation beginning in 2017 and with capacity at 30 billion cubic metres.

The minister also said that the consortium of Azerbaijani Shah Deniz gas condensate field development will make a decision on a preferable transportation route by the end of March.

Currently the consortium of Shah Deniz field development is considering different options for Azerbaijani gas delivery to Europe. On Oct. 1, TAP, Nabucco and ITGI projects submitted their final proposals to the Azerbaijani side, which will review them in accordance with the previously announced criteria.

Subscribe to Trend in Google News! Subscribe
IAEA says Iran begun using advanced centrifuge at Fordow
IAEA says Iran begun using advanced centrifuge at Fordow
Iran remains optimistic about Vienna nuclear talks
Iran remains optimistic about Vienna nuclear talks
Iran wants lifting of all sanctions - AEOI
Iran wants lifting of all sanctions - AEOI
Loading Bars
Latest
Azerbaijan to increase its transit potential within One Belt - One Road project - expert
Azerbaijan considers it acceptable to continue OPEC+ plan to increase oil production volume
Armenia does not fulfill all obligations within trilateral statement - Azerbaijani FM
Karabakh conflict, which lasted for almost 30 years, is over – Azerbaijani FM
President Ilham Aliyev receives President of US-based Foundation for Ethnic Understanding
Azerbaijan proposed measures for post-war co-op to OSCE and still awaiting response – FM
Meeting of leaders of Azerbaijan, Russia, Armenia in Sochi is huge step forward - FM
Azerbaijani FM meets with US Secretary of State (PHOTO)
Azerbaijan may increase funding for science and education sectors
Azerbaijani, Estonian FMs meet within 28th OSCE Ministerial Council in Stockholm
President Ilham Aliyev receives world-renowned scientist Aziz Sancar (PHOTO)
Azerbaijani investment company discloses projected net profit for 2021
Uzbekstan to acquire additional shares in IBRD and IFC
US Secretary of State welcomes resumption of direct dialogue between gov'ts of Azerbaijan, Armenia
Azerbaijan's Azerpost revises tariffs for some financial services
Price indexes of financial, industrial sectors at Uzbek stock exchange fall
Chinese corporation begins construction of new cement plant in Uzbekistan
Azerbaijan can build modern society through digital transformation – minister
Digital transformation in Azerbaijan is tool for improving society - minister
Uzbek Central Bank notes growth in volume of loans issued to individuals
Strategic partnership of Azerbaijan, Israel isn't only in diplomatic relations – ambassador
Russia imposes two-week quarantine for arrivals from South Africa
No desired result following talks with Armenia for 30 years – Azerbaijani MFA
Azerbaijan's Azerpost launches new project
Azerbaijan discloses oil exports to Tunisia over 10M2021
Turkey reveals data on vehicle shipments between its Tuzla, Italy's Trieste ports for 10M2021
Number of historical, cultural monuments recently discovered on Azerbaijan’s liberated lands revealed
Turkey discloses number of military vehicles transshipped via local ports for 10M2021
Azerbaijan discloses area of liberated territories de-mined by its military engineering-fortification units
Russia’s Gazprombank discloses factors determining economic recovery in Azerbaijan for 9M2021
Nar introduced renewed store in Gakh (PHOTO)
Opening of Azerbaijan’s trade mission in Israel is main achievement in ties - ambassador
OPEC+ monitoring committee makes no recommendation for January production level
Israel-UAE diamond dealing thwarted by banking regulations
Israel always supported territorial integrity of Azerbaijan – ambassador
OPEC+ monitoring committee starts discussing January plan
Swiggy valued at $10.5 billion in $700-million Invesco-led round
Israel highly values ​​strategic partnership with Azerbaijan – ambassador
Head of Turkic States Organization talks historic value of recent summit in Istanbul
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan discloses plans to reduce losses in energy transmission, distribution systems
FMs of Azerbaijan, Bulgaria hold meeting within OSCE Ministerial Council (PHOTO)
Azerbaijan confirms 1,772 more COVID-19 cases, 2,103 recoveries
EU fines HSBC, Credit Suisse, others over 'Sterling Lads' forex cartel
Azerbaijan reveals expected foreign investment inflow into renewable energy sector
Georgia ready to become platform for trilateral dialogue with Azerbaijan, Armenia - FM
Sustainability of energy supply that depends on only one energy source - unrealistic – minister
Hungarian State Folk Ensemble and Pál István Band and People's Artist of the Republic of Azerbaijan, pianist Murad Huseynov Charity concert and fair
Russia detects 33,389 daily COVID-19 cases, crisis center says
Azerbaijan, Pakistan sign protocol of seventh meeting of joint intergovernmental commission (PHOTO)
Azerbaijani defense ministry reveals number of found, neutralized mines in Tartar-Goranboy direction (PHOTO)
Netherlands calls for progress on demarcation, delimitation of Azerbaijan-Armenia border
Azerbaijan considers reconstruction of liberated territories as opportunity to speed up transition to climate resilient pathways – minister
Iran aims to create more job spots in agricultural sector
Head of Azerbaijan’s Civil Service gives adequate response to provocative statements of Armenia during UNESCO meeting (PHOTO)
Volume of industrial production in Uzbekistan increases
Canada concerned about recent clashes on Azerbaijani-Armenian border - FM
Armenia deliberately destroyed Azerbaijani cultural monuments - French photojournalist
ISESCO regional office to open in Azerbaijan
US calls on Azerbaijan, Armenia to resolve issue of delimitation and demarcation of borders - Secretary of State
Uzbek Central Bank names leading regions of Uzbekistan in terms of volume of loans issued
EU supports measures to establish long-term peace in South Caucasus - EU High Representative
Energy efficiency needs to be tackled by all stakeholders – Azerbaijan’s deputy energy minister
Iran reveals COVID-19 data for December 2
Bakcell subscribers now have the opportunity to renew "Asan Imza" via SMS
Unprecedented opportunities for peace available in South Caucasus - Turkish FM
Iran increases import of wheat
Azerbaijani Air Force Bayraktar drones make training flights (VIDEO)
US, UK’s ambassadors visit Azerbaijan’s Aghdam district (PHOTO)
Azerbaijan, CAREC to create Green Energy Alliance concept
Crucial to correctly and fully inform public about major investigation processes – aide to Azerbaijani President
Volume of loaded/unloaded cargo in Iran’s Shahid Rajaee port declines
OSCE fully supports possible development of ties among South Caucasus countries - Chairperson-in-Office
Azerbaijan's monetary base increases for 11M2021
Azerbaijan raised mine threat issue before int'l community – president’s assistant
It is necessary to minimize references to Armenian media – assistant to Azerbaijani President
Situation on Azerbaijani-Armenian border is stable - Azerbaijani president's aide
Iran’s Bahar Azadi gold coin price dips
Turkey discloses number of docking ships at Aliaga port for 10M2021
Sustainable peace is required to build culture – Azerbaijani minister
Azerbaijani people always call for peace - assistant to President
Azerbaijan Banks Association, VISA talk strategic plans
Azerbaijan shares data on mine accidents for Nov. 2021
British Council and the ADA University are bringing together entrepreneurs and students for a #mycreativespark forum (PHOTO)
Number of rules prevent Iran from exporting minerals, mining products - TPOI
Number of industrial enterprises launched in Iran grows
Azerbaijan’s 10M2021 electricity export increases
Azerbaijan's Express-C auctions its bonds through Baku Stock Exchange
Azerbaijani Customs Committee exceeds forecast for transfers to state budget in 11M2021
Uzbek and Russian companies to use new technologies for production of high-octane gasoline
Israeli startups raised $2.8b in November
President Ilham Aliyev sends congratulations to head of UAE
OPEC+ weighs output policy as Omicron fears hammer prices
We see opportunity for young generation of Azerbaijan, Armenia to find common language – president’s assistant
Azerbaijan known for its cultural diversity - head of International Fund for Turkic Culture and Heritage
SOCAR reveals volume of oil supply via Baku-Novorossiysk
Sustainable peace needed to restore Azerbaijan's destroyed cultural heritage – minister
Peace can only be achieved through dialogue - International Dialogue Center (PHOTO)
Sustainable peace requires continuous effort - UN High Representative
Azerbaijan becomes center for different religions, cultures, thanks to President Ilham Aliyev - FFEU (PHOTO)
All news