Baku, Azerbaijan, May 1
By Rufiz Hafizoglu - Trend:
Azerbaijan and Turkey are successfully implementing the project for construction of the Trans-Anatolian gas pipeline which is one of the important energy projects, Turkish minister said.
Turkish Minister of Energy and Natural Resources Taner Yildiz made the remarks during the meeting in Ashgabat with participation of the heads of oil and gas ministries of Turkmenistan, Azerbaijan and Turkey and EU representatives.
This meeting will contribute to the further cooperation in the fuel and energy sphere.
During the meeting, Yildiz said that Turkmenistan, Azerbaijan and Turkey have a great responsibility in ensuring Europe's energy security, Turkish İHA news agency reported May 1.
The TANAP project envisages the transportation of gas of Azerbaijan's Shah Deniz field from the Georgian-Turkish border to the western borders of Turkey.
TANAP's initial capacity is expected to reach 16 billion cubic meters of gas per year. Around six billion cubic meters of this gas will be delivered to Turkey and the rest of the volume to Europe.
Turkey will obtain gas in 2018. The gas will be supplied to Europe in early 2020 after the Trans Adriatic Pipeline (TAP) is constructed.
BP and the TANAP consortium signed March 13 a shareholder agreement, according to which BP will become one of the shareholders of TANAP. The agreement is one of the main documents for BP's ownership of a stake in the TANAP project.
Following the completion of a legal implementation procedure, TANAP's shareholders list will be as follows: SOCAR - 58 percent, Botas - 30 percent and BP - 12 percent.
The project's cost is estimated at $10-$11 billion.
Edited by SI
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