Business Excellence: TANAP - bridge of different kind linking two continents
Baku, Azerbaijan, May 28
By Azad Hasanli – Trend:
The Trans-Anatolian Natural Gas Pipeline (TANAP) is a bridge of a different kind - bridging two continents and cultures, bridging huge energy supply with huge energy demand, and bridging Europe and energy security, Joseph Philips said in the article published in Business Excellence magazine.
“Combined with the Trans Adriatic Pipeline (TAP), with which it will join together, TANAP will make a huge difference to several countries over the coming decades,” Philips said. “Although it will largely go unmentioned in the media, and most people won’t have heard of it, it could claim to be one of the most important investments for Europe in a long, long time.”
“On the environmental side, ecology, archaeology, soil and water resources were all carefully monitored at every phase of construction,” he said. “This ongoing research also yielded 9 fauna species, 1 flora species and 106 archaeological sites which were previously largely unknown to the scientific and archaeological communities.”
The commissioning ceremony of the Southern Gas Corridor (SGC) will be held in Baku on May 29. A ceremony to commission the Trans-Anatolian Pipeline (TANAP) is scheduled for June 12, 2018.
TANAP project envisages transportation of gas from Azerbaijan's Shah Deniz field to the western borders of Turkey. The gas will be delivered to Turkey in 2018 and after completion of the Trans Adriatic Pipeline's construction the gas will be delivered to Europe in early 2020.
The length of TANAP is 1,850 kilometers with an initial capacity of 16 billion cubic meters of gas. Around six billion cubic meters of this gas is meant to be delivered to Turkey, with the remaining volume to be supplied to Europe.
Thus, the share distribution of TANAP shareholders is as follows: Southern Gas Corridor CJSC - 51 percent, SOCAR Turkey Enerji - 7 percent, Botas - 30 percent, BP - 12 percent.
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