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Wednesday, 13 June 2018 09:30

TANAP opening ceremony held Featured

TANAP opening ceremony held

President of Azerbaijan Ilham Aliyev, President of Turkey Recep Tayyip Erdogan, President of Ukraine Petro Poroshenko and President of Serbia Alexandar Vučić attended the ceremony of inauguration of the Trans Anatolian Natural Gas Pipeline (TANAP) on June 12 in the Turkish city of Eskisehir, Caspian Energy News (www.caspianenergy.net) reports with reference to the press service of the President of the Republic of Azerbaijan.

“In the near future the amount of Azerbaijan’s investments into Turkey will reach $20 billion. In recent years, lots of negotiations have been held and projects on transportation of Azerbaijan gas to Europe have been put forward. But they have not been put in place. Therefore, Turkey and Azerbaijan came to a decision to jointly implement the TANAP project. In 2011, we signed the agreement on TANAP in Turkey. This is a complex project, we have implemented it jointly. TANAP connects 7 states and is a part of the Southern Gas Corridor. The Southern Gas Corridor consists of 4 segments. These include Shah Deniz-2, the Southern Gas Corridor, TANAP and TAP. Shah Deniz 2 reserves comprise 1.2 trillion cubic meters. At the moment, the TAP project is completed by 72%. The Southern Gas Corridor, which costs $40 billion, will ensure the transportation of Azerbaijan gas to Europe along the short route and in a branched way”, President of Azerbaijan Ilham Aliyev said at the ceremony.

“The Southern Gas Corridor is the security project. Thanks to this project, Azerbaijan gas will be transported to Turkey and Europe. It is a new source of gas and corresponds to the energy sources diversification program. SOCAR, BOTAŞ and BP are the shareholders of TANAP. The Southern Gas Corridor is a format for new cooperation in Eurasia. In the future, along with our supporters, 3 more states will join the project”, the Head of State continued.

The TANAP project envisages transportation of natural gas to Turkey and Europe from the Shah Deniz-2 field in the Azerbaijan sector of the Caspian Sea and other areas of the Caspian Sea. TANAP, which is the backbone section of the Southern Gas Corridor, passes through 20 regions of Georgia and Turkey, stretching to the border with Greece. Azerbaijan and Turkey signed the Memorandum of Understanding on the project on December 24, 2011, and the Agreement on TANAP was signed on June 26, 2012 in Istanbul. These documents were approved by the relevant legislative bodies of the two countries. The TANAP project is of important political and economic significance in terms of the potential of natural gas transportation from Shah Deniz, as well as other fields of Azerbaijan to the European markets.

It stands to mention that the TANAP pipeline is 1,805 km long. Its diameter comprises 56 and 48 inches, and 36 inches in the Marmara Sea. The maximum height of the territory along which the pipeline passes is 2,700 meters above sea level. The pipeline branches into two lines to the gas distribution system of Turkey. Its maximum capacity is 31 billion cubic meters per year. At Stage I the throughput capacity of TANAP will comprise 16 billion cubic meters per year.

More details: https://www.president.az/articles/29087

Person in charge of the newsline: Fidan Isayeva

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