TANAP delivers option for Azerbaijan and Turkey

Azerbaijan, Baku, Jan. 31 / Trend /

Trend news agency expert Seymur Aliyev

As the period when Azerbaijan will choose one of the routes for its gas supplies to Europe approaches, some projects participating in the competition, lose their benefits, while others, conversely, get them. But new proposals, including Trans-Anatolia Gas Pipeline (TANAP) and South East Europe Pipeline (SEEP) amid the long discussed routes have great importance.

This is confirmed by the statement of representatives of the Turkish Ministry of Energy and Natural Resources that the country does not fully support for "Nabucco" gas pipeline and makes TANAP project as a priority.

Turkey's decision explained by the financial component amid all other statements in relation to this project can make "Nabucco" more compliant and offer the best conditions for gas transportation and reduce the cost of the project implementation through a phased capacity expansion.

Today, Azerbaijan is most real gas supplier within the "Southern Gas Corridor" (which includes Nabucco, ITGI, TAP gas pipelines). It is ready to transport about 10 billion cubic meters of gas via this route.

Therefore, the country sees no need to supply gas through the gas pipeline with a capacity of 31 billion cubic meters per year. First of all, this is stipulated by the inefficiency of the transportation tariff as the supplier will have to pay for unfilled capacity.

This was also confirmed by Turkish Energy Minister Taner Yildiz. He said that 'Southern Gas Corridor' participants must reconsider transportation routes and tariffs during TANAP construction.

However, TANAP capacity may hit 30 billion cubic meters. It is not excluded that this volume will be achieved through gradual expansion and designed not only for natural gas from Azerbaijani field "Shah Deniz".

Such large gas fields as "Absheron" and "Umid" have been recently discovered in Azerbaijan. Deep gas is expected to be obtained from the block of fields "Azeri-Chirag-Guneshli" in the future. Turkmen gas can be transported via Azerbaijan and Turkey to Europe. A powerful gas pipeline is required on Turkish territory (in the future on the territory of Azerbaijan and Georgia) to transport these volumes of gas.

Previously, a gas pipeline was planned to be constructed in Turkey as part of the "Nabucco" project. It would allow it to reserve increasing gas volumes in Azerbaijan and prospective gas from Turkmenistan for its route. However, TANAP construction will allow Azerbaijan and Turkey to choose routes for gas transportation and not to limit to one project of gas supplies to Europe. First of all, this corresponds to the diversification policy and maximum profit from the gas supply to various markets.

The Nabucco project is intended to transport natural gas from the Caspian region and Middle East to the EU. Its construction is scheduled to begin in 2013 with commissioning in 2017. Its maximum capacity is 31 billion cubic meters per year. Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and German RWE are the participants in Nabucco.

Earlier, Azerbaijan and Turkey signed a memorandum of understanding to establish a consortium that will build a gas pipeline to supply gas from the "Shah Deniz" field in Europe through the Turkish territory.

TANAP gas pipeline construction is necessary to export most of 50 billion cubic meters of gas that Azerbaijan intends to extract by 2025.

The project participants plan to resolve all issues on this gas pipeline in 2012 and begin construction for the project to be implemented by late 2017 when the implementation of the second stage of "Shah Deniz" field development is launched. The gas pipeline will be the basis for the Southern Gas Corridor.

EU's share in total import of Azerbaijan up
EU's share in total import of Azerbaijan up
Azerbaijan's eight-month export of gourds shows uptick
Azerbaijan's eight-month export of gourds shows uptick
Azerbaijani startup launches new project for  automating calculations of repair services
Azerbaijani startup launches new project for automating calculations of repair services
Loading Bars
Trump Says He’s Approved Oracle Deal For U.S. Tiktok
Iran's Zarif says world should oppose U.S. sanctions or expect same
Rolls-Royce plans to raise up to £2.5 billion as COVID-19 bites
Moscow's death toll from confirmed coronavirus cases rises by 13 - crisis center
Turkey reports 1,538 new COVID-19 cases, 68 deaths
Tajikistan decreases export volumes to Kazakhstan
Police clash with protesters at anti-lockdown demonstration in London
Georgian PM: Our victory must be an economically strong, educated, fair and European state
Iran's Persian Gulf Bid Boland Gas Refining Company declares amount of revenues to be received
Uzbekistan’s car manufacturing company to issue shares for public offering
Trump says he will name Supreme Court successor to liberal Ginsburg 'without delay'
Commander of Azerbaijani Naval Forces comments on information in social networks about Turkish coordinating officer
Gas transportation in Iran expands
Two dead as destructive storm Ianos hits central Greece
Kazakhstan decreases goods export to Ukraine amid COVID-19
Iran and Turkey's gas trade depends on future exploration in the Black Sea
President: If Azerbaijan had been an independent country then, we could have become the richest country in the world
Poland reports over 1,000 new COVID-19 infections, record high since outbreak
CEC sets coronavirus-related safety guidelines for Election Day
China's economy remains resilient despite external risks, says Xi
Iran's Bahar Azadi gold coin price falling
Iranian Energy Exchange announces products to be on sale September 20
Azerbaijani energy minister stresses importance of co-op within OPEC + format
Ukraine becomes popular destination for Turkish citizens looking for job
General Inspection Organization of Iran strengthen monitoring of banks
Uzbek-Chinese Asia Trans Gas to buy coolant and lubricants via tender
President Ilham Aliyev: The activities of our oil workers serve the interests of the Azerbaijani people
Madrid residents facing localised lockdown doubt curbs will work
TikTok files complaint against Trump administration to try to block U.S. ban
Geostat: Milk, meat production up in Georgia
Germany plans reform to avoid bankruptcy wave due to corona
Turkey decreases value of trade with Turkmenistan
Iran`s Rana Plus car to be launched in October
Uzbek-Chinese Asia Trans Gas to buy air filters via tender
President Aliyev: Key part of Azerbaijan's economy associated with oil and gas sector, and this to be case for many years to come
Azerbaijani president: New phase beginning for Absheron gas condensate field
Azerbaijan confirms 177 more COVID-19 recoveries
EU's share in total import of Azerbaijan up
Azerbaijan's eight-month export of gourds shows uptick
Azerbaijani startup launches new project for automating calculations of repair services
Iranian official: neither side fulfills their obligations in nuclear deal
Iran reveals amount of loans issued to manufacturing enterprises
Update on ski resort construction in Uzbekistan
Azerbaijan expecting inflation decrease by end of 2020
Bank of Georgia raises funds from Citibank to finance trade
Azerbaijani community: Armenia to be held responsible for massacre in Khankendi (PHOTO)
Iranian President expresses concern over people ignoring health protocols
Deaths from coronavirus exceed 24,000 in Iran
Turkmenistan increases imports of steel from Turkey
Iran Export Guarantee Fund`s support for exporters doubles
Kazakhstan's cargo transportation volumes decrease
Trial of social distancing rules on 2 Iranian airlines
Turkmenistan’s Exchange to be transformed into joint-stock company
Buy/sell operation at Iran Mercantile Exchange disclosed
Capital of banks in Iran announced
President Ilham Aliyev attends groundbreaking ceremony of Absheron field offshore operations (PHOTO)
Prices of Azerbaijani oil fluctuate
IMF talks Georgia's investment potential
Defense Minister: Azerbaijan Army ready to suppress any provocations of Armenia, undertake strong retaliatory actions
SOCAR applying digital road map for using high technologies
Uzbek Agroindustry and Food Security Agency to buy laboratory equipment via tender
Production of several products in Iran climbs
Weekly review of Azerbaijan's precious metals market
SOCAR gives sneak peek of its new dev’t strategy
Weekly review of Azerbaijani currency market
Georgian Tbilisi to be host city for 2021 ADB’s 54th Annual Meeting
Azerbaijani FM receives head of International Committee of Red Cross Delegation (PHOTO)
IMF, Turkmenistan review indicators for country's state budget
Minister: Georgia shows signs of economic recovery
Active supply of Turkish cement to Italy amid pandemic recorded
Uzbekistan to include goods and services in Unified Electronic Catalog
Kazakhstan's oil & gas company opens tender to buy filter blocks
Azerbaijani Central Bank unveils number of borrowers with restructured loans
Georgia sees increase in COVID-19 cases
Production started at Uzbek gas condensate field
Japan, Uzbekistan to increase tourist flow between countries
Turkmen Ministry of Construction to purchase equipment from Italian company
Kazakhstan, Russia agree to resume mutual flights
Turkmenistan, Ukraine discuss trade, economic cooperation
Iranian currency rates for September 19
Number of coronavirus cases in Uzbekistan pass 50,000
Armenia violates ceasefire with Azerbaijan 36 times
Australia COVID-19 hotspot records fewest cases since June
Turkey summons Greek envoy over expletive headline against Erdoğan
E3 says Iran sanctions relief to continue beyond Sep. 20
Georgia sends armored medical evacuation vehicles to Indonesia
65 new COVID-19 infections reported in Kazakhstan over past day
UN, Kazakhstan intend substantially contribute to environmental resilience (INTERVIEW)
Japan's new PM Suga to meet with Pompeo in October
Chinese mainland reports 14 new imported COVID-19 cases
Brazil's COVID-19 death toll tops 135,000
French finance minister tests positive for COVID-19
Trump says he sees no reason to delay TikTok decision
Eleven more coronavirus patients die in Moscow in past day
Qatar reports 224 new COVID-19 cases, 122,917 in total
Kazakhstan's crude oil exports to India surge in 1H2020
Georgia to acquire 135 000 doses of flu vaccines in October
Istanbul introduces alternate working hours for public servants amid COVID-19 pandemic
Kazakhstan launches programming learning platform
UK PM Johnson says second wave of virus inevitable, new restrictions possible
All news