Turkey supports Turkmenistan’s joining TANAP

Turkey supports Turkmenistan’s joining TANAP

Ashgabat, Turkmenistan, Nov.7

By Huseyn Hasanov- Trend:

The Trans-Anatolian gas pipeline project (TANAP) could also count on supply of Turkmen gas to Europe, Turkish President Recep Tayyip Erdogan said.

He made the remarks following the negations with Turkmen President Gurbanguly Berdimuhamedov in Ashgabat, a source close to the talks told Trend.

"TANAP may transport gas both from Azerbaijan and Turkmenistan to Europe through Turkey's territory," Erdogan said.

The president added that Turkey pays special attention to Europe's energy security issues.

After the high-level negotiations held on Nov.7, Turkmenistan's Turkmengaz State Concern and Turkish company Atagaz signed a framework agreement on cooperation in the purchase and sale of natural gas.

The TANAP project envisages gas transportation from Azerbaijan's Shah Deniz field to Europe via Turkey.

The initial capacity of TANAP is expected to reach 16 billion cubic meters of gas per year.

Around six billion cubic meters of the total volume of gas to be produced as part of the Stage 2 of development of the Shah Deniz field will be delivered to Turkey and 10 billion cubic meters to Europe per year. In the future, the pipeline may be expanded up to 31 billion cubic meters a year.

Plans are to commission the TANAP pipeline in 2018.

The gas to be produced as part of the Stage 2 of the field's development will be exported to Turkey and to the European markets by means of expanding the South Caucasus Pipeline and construction of the Trans-Anatolian Gas Pipeline (TANAP) and the Trans-Adriatic Pipeline (TAP).

The first gas will be delivered to Turkey in 2018 and to Europe in 2019.

Currently, SOCAR legally holds 70 percent of share in the TANAP project, while Turkey's Botas owns 30 percent share. The procedure of legal execution of the transaction on purchasing 12 percent of SOCAR's share in the TANAP project by BP will be completed by late 2014.

Subsequently, the shareholders of the TANAP will be as follows: SOCAR - 58 percent, Botas - 30 percent and BP - 12 percent.

Turkmenistan is one of the key players in the gas market in the Caspian Sea region and Central Asia. Turkey expresses interest in re-export of Turkmen gas to Europe. The most optimal option is to lay a 300-kilometer gas pipeline through the Caspian Sea to the coast of Azerbaijan.

As is known, two of the Caspian Sea countries, namely, Russia and Iran oppose this project based on environmental safety issues.

Turkmenistan, for its part, expressed readiness to hold a corresponding environmental review of the project with participation of international experts.

"There are no deep contradictions between our countries in the energy sphere in the Caspian Sea," Turkmen President Gurbanguly Berdimuhamedov said at the summit of heads of Caspian Sea countries in Astrakhan in September 2014.

"I would like to stress that we are against of giving political overtone to any unresolved issues here," the president added.

Berdimuhamedov added that it is fully applicable to the prospects for laying a pipeline under the Caspian Sea.

"Turkmenistan is firmly convinced that the construction of such pipelines is the sovereign right of the states through the bottom section of which they run," Berdimuhamedov said. "Therefore these pipelines can be constructed only with their consent, naturally in compliance with the highest international environmental standards," Turkmen Dovlet Khabarlary state news service quoted the president as saying.

The EU issued a mandate in September 2011 to start negotiations on working out an agreement between EU, Azerbaijan and Turkmenistan on the Trans-Caspian project.

Azerbaijan earlier expressed readiness to offer its territory, transit opportunities and infrastructure for the implementation of this project.

Edited by CN

Soldiers were unprepared for war with Azerbaijan - ex-secretary of Armenian Security Council
Soldiers were unprepared for war with Azerbaijan - ex-secretary of Armenian Security Council
Relatives of missing Armenian soldiers continue to hold building of MoD in blockade
Relatives of missing Armenian soldiers continue to hold building of MoD in blockade
Ex-president of Armenia Kocharian files lawsuit against Pashinyan
Ex-president of Armenia Kocharian files lawsuit against Pashinyan
Loading Bars
Latest
Ukraine, Azerbaijan may increase potential for using renewable energy
Football Federations of Turkic Speaking States sign Memorandum of Understanding for Cooperation
Georgia, Tajikistan contribute to intensification of cargo transit
Austria, Georgia eye to implement projects in animal husbandry
Iran's Palayesh Parsian Sepehr Company to receive large revenues
Kazakhstan to allocate funds for development of processing industry
Azerbaijan plans to organize transit cargo transportation through Turkey to EU countries
Azerbaijan's State Committee on Property Issues holds new auction on privatization
Germany's economic institutes cut GDP 2021 growth forecast to 3.7%
Indian PM Modi addresses Inaugural Session of Raisina Dialogue
Kazakhstan taking measures to boost drinking water reserves
Ukraine ready to help Azerbaijan to restore liberated territories - Deputy PM
COVID-19 pandemic hinders Georgian Airways to increase number of flights
First train with feed products arrives in Azerbaijan from Turkey via TURKUAZ project
Iran's Energy Exchange announces products to be on sale on April 17
UNDP supports Georgia's adoption of legislation on environmental liability
Export of cotton from Azerbaijan greatly increases from Jan. through Feb. 2021
United Nations concludes field mission to conflict-affected districts of Azerbaijan (PHOTO)
Iran to stop importing catalysts in petrochemical sector
Azerbaijan shares updated info on COVID-19 vaccinated citizens
Bahar Azadi gold coin price rising in Iran
NATO partners appreciate significant contribution that Georgia making to global security
Iran to increase enrichment in Natanz nuclear facility
Volume of gas injected into Iran's Karanj field increases
Demand for Azerbaijani CBA's short-term notes exceeds supply
1Q2021 number of job seekers from Turkey in Kazakhstan, Uzbekistan down
Azerbaijan confirms 2,293 more COVID-19 cases, 2,071 recoveries
Nikola, Iveco and OGE sign preliminary hydrogen distribution agreement
CNPC branch in Turkmenistan opens tender for maintenance of compressors
Kazakhstan eyes reducing flights number to Turkey as COVID-19 cases jump
EU to raise COVID vaccine supplies from Pfizer in Q2 to 250 million doses
Digitalization in Azerbaijan proceeding at highest level among CIS states - IDC
Minsk IT Holding of Belarus develops solution for accepting non-cash payment based on NFC smartphones
2020/2021 season to be less profitable for potato farmers in Georgia
Georgian citizens preparing to leave for Germany for work
Turkish Parliament to discuss violations by Armenia during attacks on Azerbaijan
Turkmen iodine plant releases production data
Transactions through ATMs up in Azerbaijan
Azerbaijan, Ukraine have several areas for interaction, partnership - Deputy PM
Italy supported Azerbaijan in Karabakh war despite pro-Armenian force - expert
Exports of several oil products from Iran shrink
Kazakhstan's preliminary oil extraction data indicates drop - OPEC
Coffee prices up in Georgia
Georgia observing economic recovery - minister
Goldman Sachs profit jumps on record global dealmaking
Iran’s Alborz Province exports fishery products
Azerbaijani citizens can visit dozens of countries without visa - Henley&Partners
Ukrainian deputy PM visits Azerbaijan’s Aghdam district (PHOTO)
Azerbaijan took huge step towards achieving its national dream - President of Belarus
Turkmenistan reveals volume of allocated loans in national currency
Relations between Azerbaijan and Belarus are far from any problems - President Aliyev
1Q2021 volume of electricity generation by Azerbaijani TPPs down
Azerbaijani, Belarus presidents made press statements (PHOTO)
Turkey reveals volume of cargo shipment via local ports from Netherlands
Azerbaijani, Belarusian presidents sign bilateral documents (PHOTO)
Azerbaijani Energy Ministry, IFC sign Memorandum of Understanding on offshore wind energy (PHOTO)
We created new reality by shedding blood, everyone should reckon with us - President Aliyev
Armenia took advantage of Heydar Aliyev’s dismissal from all posts - Azerbaijani president
IEA expects growth in Azerbaijan’s oil output
Our Victory is not only victory of our people, entire Turkic world is proud of it - Azerbaijani president
2M2021 data on cargo shipment via Turkish Mersin port disclosed
Popular Front-Musavat were selling gasoline to Armenia - Azerbaijani president
Armenia - country with bowed head, and it will always be the case - President Aliyev
Certain revengeful forces raising their heads should know that iron fist remains in place - Azerbaijani president
Iran and Russia extend bilateral cooperation
During war, they wanted to introduce sanctions against us - President Aliyev
Russia records over 8,300 daily COVID-19 cases
War Trophy Park in Baku illustrating aggressive nature of Armenia
Value of Russian imports of Turkish ready-made clothes disclosed
EU to borrow around 150 billion euros annually for recovery fund
Azerbaijan’s average compliance with OPEC+ deal up - IEA
US imports of Turkish electrical goods grow in value
Moody’s discloses forecast on growth of Azerbaijan's economy for next 3 years
President Aliyev on transfer of Irevan to Armenia: I condemned this decision, we should not obscure history
I have been saying that second Armenian state will never be created in our lands - Azerbaijani president
Baku Military Trophy Park - message for revenge seekers, says Azerbaijani expert (VIDEO)
I did not yield an inch on Karabakh issue - Azerbaijani president
Axpo expanding its business in renewable energies
In 2003, scum of PFPA-Musavat tandem attempted military coup, but it did not work - President Aliyev
I promised that I would defend territorial integrity, and I kept my word - President Aliyev
Army with 10,000 deserters is a disgrace - President Aliyev
Czech Republic interested in number of areas of Turkmenistan
Azerbaijani president about PFPA-Musavat tandem: In order to save themselves, they had to turn to Heydar Aliyev
Georgian Deputy Finance Minister comments IMF forecasts for Georgia
Iran reveals COVID-19 data for April 14
Number of job seekers from Turkey in Germany decreased
Azerbaijani banks showing great interest in attracting funds via swap method
Defense minister at time promised that if Shusha was surrendered, he'd shoot himself - President Aliyev
Then leader of junta, Sargsyan, promised me to return our lands in aftermath of that bitter defeat - President Aliyev
Heydar Aliyev was main target for Armenians of world - Azerbaijani president
Everyone visiting Military Trophy Park will see strength of our army - Azerbaijani president
We won an unprecedented victory - President Aliyev
Uzbekistan to double trade volume with neighboring countries
Iran's polyethylene exports rise (UPDATE)
South Africa says downpayments to J&J, Pfizer not refundable
EasyJet sees Europe open for travel from late May
Iran’s GTC continues to purchase wheat from farmers
Azerbaijan boosts electricity production volume
Uzbekistan to finance investment projects in Tashkent city
Natanz incident not to hamper Iran's efforts to revive JCPOA - former MP
All news