EU to get best of TANAP along with Azerbaijan, Turkey

Baku, Azerbaijan, September 27

By Mirsaid Ibrahimzade - Trend:

EU countries, especially Eastern European countries and Spain, Italy, Greece and Germany will boost their supply security and achieve competitive environment in terms of dependence on single-seller countries thanks to the Trans-Anatolian Natural Gas Pipeline (TANAP) project, TANAP General Manager Saltuk Duzyol told journalists in Ankara on Sept. 26, Trend reports citing to the Daily Sabah.

Touching on the statistics, Saltuk Duzyol emphasized that TANAP had already supplied 2.39 billion cubic meters of gas as of August 2019.

“We predict that TANAP will reach a full transmission capacity of 16 billion cubic meters in two to three years," he said.

According to Duzyol, with the production of additional export amounts, TANAP's capacity could rise up to 31 billion cubic meters. Thus, he said, new purchasers could be included in the project and the gas of other countries could be transmitted via TANAP.

He reiterated that they reached the position of supplying gas to Europe via TANAP as of the beginning of July and that they have been waiting for the completion of the Trans Adriatic Pipeline (TAP), which will be transporting this gas to Europe.

Duzyol stated that no commercial gas flow to Europe will be possible before October next year, adding: "However, we are in a position to supply gas at the moment."

Noting that the initial estimated investment cost of the project was $11.7 billion, Duzyol said that it was reduced to under $6.5 billion due to on time completion of the project.

The TANAP project envisages transportation of gas from Azerbaijan's Shah Deniz field to the western borders of Turkey.

The length of TANAP is 1,850 kilometers and its initial annual capacity is 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.

The commercial gas supplies to Turkey have been launched via the first phase of the TANAP gas pipeline since June last year. The gas is transferred to the local gas pipeline system in the Eskisehir province.

TANAP became ready for transportation of Azerbaijani gas to Europe from July 1, 2019.

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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Follow the author on Twitter: @MirsaidIbrahim1

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