Turkey’s Tekfen wins tender for TANAP
Baku, Azerbaijan, Feb. 17
By Maksim Tsurkov - Trend:
Turkish company Tekfen won a tender for construction of compressor and measuring stations for the Trans-Anatolian Natural Gas Pipeline (TANAP), said the company in a message Feb. 17.
Tekfen will build the stations during a period of 39 months after signing of a contract.
The company won the tender by offering the biggest price for the contract - $457 million.
TANAP project envisages transportation of gas from Azerbaijan's Shah Deniz field to the western borders of Turkey.
The initial capacity of TANAP 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 remaining volume will be supplied to Europe.
Turkey will get gas in 2018 and after completing the construction of Trans-Adriatic Pipeline (TAP), the gas will be delivered to Europe in early 2020.
Currently, TANAP's shareholders are: Azerbaijan's state oil company SOCAR (58 percent), Botas (30 percent) and BP (12 percent).
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