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TANAP project already launched, works continue at a rapid pace - ErdoÄŸan

07 November 2014 13:31 (UTC +04:00)

Moscow. Farid Akberov – APA. Delivery of Turkmen gas to European markets will ensure energy security in Europe.

President of Turkey Recep Tayyip ErdoÄŸan who is on an official visit to Turkmenistan said at the meeting with his Turkmen counterpart Gurbanguly Berdimuhamedov, APA reports.

He said Turkey plays an important role in delivering Azerbaijani and Turkmen gas to the West.

“We attach great importance to the delivery of Turkmen gas to European markets through Turkey and ensuring European energy security. TANAP project has already been launched to deliver Turkmen gas to Europe. Works continue at a rapid pace,” ErdoÄŸan noted.

At the end, Turkmenistan's state-owned Turkmengaz and Turkish private company Atagaz signed a framework agreement for a natural gas deal.

Moreover, the parties signed the program on cooperation in economic-trade, education, sports and transport fields.

Azerbaijan and Turkey signed agreement on TANAP project in Istanbul on June 26, 2012. Realization of TransAnatolian pipeline project will cost $7 bn. The diameter of the pipeline has been considered at 56 inches or 1.4 meters. The project will be implemented in 4 stages. The first stage will be completed in 2018. Its capacity of the pipeline will be hit 16 bn cbm in 2020; 23 bn cbm in 2020; 31 bn cbm in 2026.

TANAP will transports Shah Deniz gas to south of Italy through Georgia, Turkey, Greece, Bulgaria and Albania.