Azerbaijan, Baku, July 12 / Trend, A. Taghiyeva /
Turkish President Abdullah Gul ratified an intergovernmental agreement on implementation of Trans-Anatolian gas pipeline project (TANAP) yesterday, Anadolu news agency reported on Thursday.
Azerbaijan and Turkey signed an intergovernmental agreement on implementation of the TANAP pipeline project on June 26.
Turkey and Azerbaijan signed a memorandum of understanding in December 2011 to establish a consortium that will build a gas pipeline to deliver gas from the Azerbaijani offshore field Shah Deniz to Europe via Turkey. At present, a 20 per cent share in TANAP belongs to Turkish BOTAS, 80 per cent and the State Oil Company of Azerbaijan (SOCAR).
The initial capacity of the pipeline is expected to reach 16 billion cubic meters a year. About six billion cubic meters will be delivered to Turkey and the rest to Europe.