TANAP marks revolution in energy history of Azerbaijan and Turkey - SOCAR

The Trans-Anatolian pipeline project (TANAP) marks a revolution in the energy history of Azerbaijan and Turkey, as it will be implemented at the expense of the funding and infrastructure of these two countries, the head of SOCAR Turkey Enerji, a board member of Petkim Petrochemical Holding, Kenan Yavuz, told Trend on March 12, 2013.

According to Yavuz, it is expected that first construction works within TANAP will start in 2014. And the first delivery of Azerbaijani gas to Turkey will begin already in 2017, he said.

According to the latest estimates, the cost of the TANAP project amounts to $10 billion, Yavuz said.
"At the moment we are negotiating with international companies such as BP, Statoil and Total on assignment of interest in TANAP," he said.

Yavuz also noted the importance of the TANAP project for Europe, taking into consideration European trends towards diversification of gas supply sources. Given the problems arising between the EU and Russia, the main supplier of gas, implementation of the TANAP project is very important for the EU, Yavuz said.

Adapted from: Vestnik Kavkaza