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SOCAR-Turkey: TANAP to be Commissioned in 2018

Construction of the TANAP pipeline is expected to be completed by 2018, according to the head of SOCAR-Turkey Enerji A.Ş. Kenan Yavuz.

Presently, a 20 percent share in TANAP belongs to Turkish BOTAS and TPAO, while 80 percent is owned by the State Oil Company of Azerbaijan (SOCAR). SOCAR intends to retain 51 percent of the equity in the project. Turkey will keep 20 percent of the equity.

TANAP envisages construction of a pipeline from the eastern border of Turkey to the country's western border to supply gas from Azerbaijan's Shah Deniz gas field to Europe through Turkey. 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, with the remainder moving onward to destinations throughout Europe.

Source: Trend

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