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.