Some $10 bln to be invested in Turkey within TANAP project
Azerbaijan, Baku, Nov. 21 / Trend A. Taghiyeva /
Around $10 billion will be invested in Turkey within the Trans-Anatolian gas pipeline project (TANAP), BP deputy director on Turkey Hakan Turker said, newspaper Beyaz Gazete reported.
The investments in Georgia within the project of supplying Azerbaijani gas to Europe will make $2 billion, Turker said.
On June, 26 Azerbaijan and Turkey signed an intergovernmental agreement on TANAP implementation.
In December last year, 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 to Europe through Turkish territory.
At present, a 20 per cent share in TANAP belongs to Turkish BOTAS, 80 per cent and the State Oil Company of Azerbaijan (SOCAR). The initial capacity of the pipeline is expected to reach 16 billion cubic meters a year. About six billion cubic meters will be delivered to Turkey, and the rest - to Europe.