Baku, Azerbaijan, June 16
By Rufiz Hafizoglu - Trend:
The Trans-Anatolian gas pipeline construction project (TANAP) is being implemented in Turkey rapidly and without problems, Kenan Yavuz, the head of SOCAR Turkey Enerji, the board member of Petkim petrochemical holding, said on June 16, the Turkish newspaper Hurriyet reported.
He said that TANAP is an important project for both Turkey and the entire region.
The first welding work on the Trans-Anatolian Gas Pipeline (TANAP) construction project will begin in August 2015, head of Tekfen construction company Levent Kafkasli said earlier.
TANAP 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, and after the Trans-Adriatic Pipeline (TAP) is constructed the gas will be delivered to Europe in early 2020.
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.
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