The selection of land for construction of the trans-Anadolu gas pipeline (TANAP) has already started, SOCAR President Rovnag Abdullayev told journalists.
He said SOCAR’s geologists have been working along the gas pipeline route jointly with Turkish Botas company’s specialists to select the land.
Abdullayev said that detailed engineering of the pipeline is currently in progress.
The documents on construction of TANAP were signed in Istanbul on June 26, 2012.
TANAP will be used to transport Azerbaijani gas from the Shah-Deniz field Phase 2 from the Georgian-Turkish border to the Turkish-Greek border. TANAP will be 1800km long. The initial carrying capacity of the gas pipeline will be 16 billion cub.m., of which 10 billion cub.m. will be exported to Europe and 6 billion cub.m. to the western regions of Turkey. TANAP cost is estimated at $12 billion.
20% in TANAP is owned by Turkish BOTAS and TPAO and 80% by SOCAR. SOCAR is going to preserve 51% shares and offer the remaining 29% to BP (12%), Statoil (12%) and Total (5%).—0—
Economics
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