Baku, Azerbaijan, May 12
By Rufiz Hafizoglu - Trend:
The Trans-Anatolian Natural Gas Pipeline (TANAP) project is an indicator of the energy power of Azerbaijan and Turkey, the governor of the Turkish province of Ardahan, Ahmet Deniz told Trend May 12.
He said the TANAP project is important for both the region and Europe, adding, "TANAP is being built at an accelerated pace."
Deniz also said the implementation of the TANAP project will promote the creation of new jobs in the Ardahan province, which will favorably affect the growth of its economy.
The governor stressed that TANAP is a good example of fraternal relations of Azerbaijani and Turkish peoples.
The province of Ardahan, located in the north-eastern Turkey, is one of the regions of the country, through which TANAP will run.
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 receive 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.
Edited by SI
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