Taner Yildiz: TANAP project has no alternatives (exclusive)

Taner Yildiz: TANAP project has no alternatives (exclusive)

Baku, Azerbaijan, June 5

By Rufiz Hafizoglu - Trend:

The major energy projects jointly realized today by Azerbaijan and Turkey will play a great role in ensuring Europe's energy security. The Trans Anatolian Natural Gas Pipeline (TANAP), which is meant to deliver Azerbaijani Shah Deniz field's gas from the Georgian-Turkish border to the western borders of Turkey, is one of those remarkable steps taken by Azerbaijan and Turkey.

In an interview with the Trend Agency, Turkey's Energy and Natural Resources Minister Taner Yildiz spoke about TANAP, Europe's energy security, Turkish Stream and other topics.

TANAP, the region's development and ensuring Europe's energy security

The TANAP project is needed by not only Turkey, Georgia and Azerbaijan, but also by the entire Eurasia, said Taner Yildiz. He added that along with its energy potential, TANAP will serve for stability.

Yildiz, recalling that TANAP's foundation was laid in March this year in Turkey's Kars province, said Turkey will start receiving gas via this gas pipeline in 2018.

"I can say that the TANAP project is a good example of brotherly relations between Azerbaijan and Turkey," said the minister. "With the construction of TANAP, which is the main part of the Southern Gas Corridor, an important step is taken to deliver gas from the Caspian basin to Europe."

He said Azerbaijan and Turkey have achieved significant success in the realization of the TANAP project after the parties signed an agreement in 2011.

Yildiz also reminded that in June 2012, Azerbaijan and Turkey signed an intergovernmental agreement on the TANAP project as a result of the parties' political support to the project.

Following this, the final investment decision on Shah Deniz project was adopted Dec.17, 2013, according to the minister.

Once all the stages of the unique Southern Gas Corridor project are implemented, Turkey and Azerbaijan will create a strong link between the Caspian Sea region and Europe, he said.

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. Following the completion of the legal implementation procedure, TANAP's shareholders' list will be as follows: SOCAR - 58 percent, Botas - 30 percent and BP - 12 percent.

Turkish Stream and competition with TANAP

"TANAP is the brainchild of Turkey and our essence," said the minister. "Turkey cannot pursue a policy of competition with this project."

Speaking about the competition between TANAP and Turkish Stream projects, Yildiz said Turkey's opportunities allow it to implement several projects simultaneously and these projects are in no way rivals.

The minister added that TANAP has a special significance among other energy projects.

"Since TANAP is not an alternative to any project, other energy projects are not alternatives to it either," said Taner Yildiz.

The first branch of the Turkish Stream offshore gas pipeline from Russia to the west of Turkey is to be put into operation in late 2016. It will be meant to supply the west of Turkey with gas, instead of its transit through Ukraine's territory.

The other three branches of the pipeline are designed to supply gas to the countries of Central and Southern Europe instead of its transit through Ukraine's territory.


Follow the author on Twitter: @rhafizoglu

Amount of loans issued by Iranian banks revealed
Amount of loans issued by Iranian banks revealed
Weekly review of developments in Azerbaijan's financial market
Weekly review of developments in Azerbaijan's financial market
Bahar Azadi gold coin price again rising in Iran
Bahar Azadi gold coin price again rising in Iran
Loading Bars
Amount of loans issued by Iranian banks revealed
Kazakhstan considering possibility of creating several new digital products
Weekly review of developments in Azerbaijan's financial market
Africa's COVID-19 cases near 1.4 mln as death toll hits 33,818
Britain is at COVID-19 tipping point, health minister says
22 Thai provinces hard-hit by flash floods due to tropical storm Noul
Production of Iran's Esfahan Steel Company announced
Iran's oil exports process improved
Azerbaijan's state service lists criterias for tender transparency
Uzbekistan's cement import from Turkey more than halves
Azerbaijan's Agroleasing OJSC opens tender to purchase IT equipment
Salehi: There’s no problem for Iran to fulfill its nuclear obligations
Kazakh industrial enterprises switching to best available technologies
Japan's new prime minister Suga, Trump hold first talks by phone
Eurasia Review publishes article on Armenia-Azerbaijan conflict
Georgia’s hotels increase number of served guests
President Ilham Aliyev makes Facebook post on Oil Workers Day (PHOTO)
Export of Azerbaijani products to Belarus increases sixfold
National Iranian Steel Company reveals its production
International Sea Port of Turkmenbashi opens tender for repair of equipment
Bahar Azadi gold coin price again rising in Iran
Turkey’s Ministry of Agriculture opens tender to attract consulting services
Iranian Energy Exchange announces products to be on sale September 21
Kyrgyzstan reports 81 new COVID-19 cases
European tourism industry owners keen on investment in Gorgan tourism sites: Official
Tbilisi joins European Mobility Week
Azerbaijan reports 154 new COVID-19 recoveries
Azerbaijan’s Azersu company opens tender to buy polypropylene fittings
Number of people infected with coronavirus pandemic in Iran exceeds 420,000
Turkish Presidential Administration: Any aggression against Azerbaijan - aggression against Turkey
Russia's COVID-19 cases up 6,148 to 1,103,399
Income growth in Uzbekistan slows down amid COVID-19
Demand for Kazakhstan among Turkish job seekers soars
Value of Iranian mining companies’ shares spike
Kazakhstan's National Bank talks COVID's impact on IT segment, mobile banking in country
128 new COVID-19 infections confirmed in Egypt
Georgia reports 196 new COVID-19 cases
Turkey offers international training on combatting desertification
Eni Turkmenistan Limited opens tender for supply of industrial lube oil
Iran discloses details of cement exports
Azerbaijan’s import of Ukrainian-made products down
First steam unit of Iran's Ferdowsi TPP launched
2 soldiers killed in operation against militants in NW Pakistan
Member of Tbilisi Sakrebulo confirmed with coronavirus
Tehran to host 1st Eurasian exhibition by end of year
Armenia violates ceasefire with Azerbaijan 30 times
Kazakhstan confirms 63 new COVID-19 cases
TikTok hopes three-party agreement between ByteDance, Oracle, Walmart to resolve U.S. concerns
US Department of Commerce postpones TikTok download ban for a week
UNWTO talks ways to restore tourism in Turkmenistan in post-pandemic period
Viola von Cramon: Georgia is moving in right direction, I hope that this tradition will continue at 2020 elections
About 9,000 migrants on Greece's Lesbos move into tent camp after fire
UK's Johnson to levy 10,000 pound fine on COVID-19 rule-breakers
Canadians urged to take action against spread of COVID-19 as caseload reaches 141,911
Death toll from COVID-19 in Brazil over 136,000
UK daily coronavirus cases hit four-month high with 4,422 more cases
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
All news