Turkey launches TANAP project to pipe gas to Europe

The Trans-Anatolian gas pipeline (TANAP) aims to carry 16 Bcm/a by mid-2018 from Azerbaijan’s Shah Deniz II field in the Caspian Sea, one of the world’s largest gas fields, developed by a BP-led consortium.

The 1,850 km pipeline will stretch from Turkey’s border with Georgia to Greece.

“We plan to establish Turkey as the energy distribution hub of the region,” President Tayyip Erdogan said at a ground breaking ceremony in the northeastern city of Kars, Reuters has reported.

“TANAP has a special importance because of its route and its goal and is not an alternative project to others and there is not an alternative to it,” Mr Erdogan said.

Initially, Turkey will buy the first 6 Bcm per year of gas from TANAP. A further 10 Bcm will be delivered to Europe once it is connected to the Trans Adriatic Pipeline by 2020. By 2023, TANAP’s capacity will rise to 24 Bcm per year and then to 31 Bcm by 2026, according to project executives.

A shareholder agreement for TANAP was recently signed in Ankara, Turkey. TANAP’s shareholding percentages, after the process of acquisition of shares is completed, will be: Southern Gas Corridor Closed Joint Stock Company (SGC) holding 58 per cent, BOTAS holding 30 per cent, and BP holding 12 per cent.

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