Baku, Azerbaijan, July 17
By Rufiz Hafizoglu - Trend:
Turkish GE Petrol&Gaz company will provide TANAP with gas turbines, Anadolu agency reported.
A corresponding agreement has been signed between the sides, however, its cost is not disclosed, according to the agency.
Reportedly, the gas turbines of GE Petrol&Gaz company are meant for the first phase of TANAP.
The groundbreaking ceremony of TANAP was held in Turkey's Kars province with participation of Azerbaijani, Turkish and Georgian presidents March 17.
TANAP project envisages 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, while Europe will get it 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.
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