“The pipeline will transport gas from the Azerbaijani Shah Deniz field at the initial stage and later from other fields in Azerbaijan,” Gül informed delegates at the conference.
“In addition, work is underway for the supply of Turkmen gas through this pipeline. SOCAR partners on the Shah Deniz gas field development project presented their preliminary intentions to acquire a stake in the TANAP project. According to the preliminary data, the partners intend to distribute a 29 per cent share in TANAP as follows: Statoil and BP are to receive 12 per cent each and Total would get five per cent," Gül said.
The TANAP project provides gas delivery from the Azerbaijani 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 sex billion cubic meters will be delivered to Turkey and the rest to Europe.
SOCAR owns 80%, BOTAS and TPAO 20% share in TANAP project. SOCAR intends to distribute a 29 per cent share in TANAP as follows: Statoil and BP - 12 per cent, Total - five per cent.
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