Russian-Turkish gas agreement won’t affect TANAP – minister (UPDATE)
Details added (first version posted on 13:52)
Baku, Azerbaijan, Dec.2
By Rufiz Hafizoglu - Trend:
The agreements reached between Russia and Turkey on gas supply will not affect the implementation of the Trans-Anatolian gas pipeline (TANAP) project, CNN Turk TV channel quoted Turkish Minister of Energy and Natural Resources Taner Yildiz as saying on Dec.2.
During the negotiations in Turkey on Dec.1, Russian President Vladimir Putin said that under the current conditions, as well as due to the unconstructive position of the EU, Russia can't continue the implementation of South Stream project. Later, CEO of Russia's Gazprom company Alexey Miller said that the South Stream project has been shut down.
Gazprom and Turkey's BOTAS state pipeline company signed a memorandum of understanding on Dec.1 on construction of an offshore gas pipeline across the Black Sea towards Turkey with the annual capacity of 63 billion cubic meters of gas per year.
Under this agreement, it is planned to supply 14 billion cubic meters of gas to Turkey and the remaining part - nearly 50 billion cubic meters of gas - to the Turkish-Greek border.
It is planned to commission TANAP in 2018. The project's cost is estimated at $10-11 billion.
Contracts for the supply of pipes for the construction of TANAP were signed in Turkey's Ankara city on Oct.14 with six Turkish and one Chinese company.
Turkey's Mannesmann-Noksel-Erciyas and Umran-Emek consortiums, Toscelik Profil ve Sac Endustrisi company, as well as a Chinese contractor Baosteel Europe won the tender for the supply of pipes for the TANAP project.
All the companies which will participate in the construction and supply of the TANAP project in Turkey, are exempt from VAT.
Edited by SI
For any questions or feedback, follow the author on Twitter: @rhafizoglu