TODAY.AZ / Business

TANAP construction completed by 70%

24 March 2017 [17:21] - TODAY.AZ
BY Trend

Construction of the Trans Anatolian Natural Gas Pipeline (TANAP) is completed by 70 percent, Turkish media outlets quoted Anar Mammadov, director general of the country's petrochemical complex Petkim, as saying Mar. 24.

TANAP will satisfy a part of Turkey's demand for gas, according to Mammadov.

“The first gas will be delivered to Turkey in 2018 and to Europe– in 2020. There are no delays in the construction,” he said.

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

The length of TANAP is 1,800 kilometers with the initial capacity of 16 billion cubic meters. Around six billion cubic meters of the gas will be delivered to Turkey and the remaining volume will be supplied to Europe.

The gas will be delivered to Turkey in 2018 and after completion of the Trans Adriatic Pipeline’s construction the gas will be delivered to Europe in early 2020.

TANAP shareholders are Azerbaijan’s state oil company SOCAR (58 percent), BOTAS (30 percent) and BP (12 percent).

URL: http://www.today.az/news/business/159683.html

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