Günther Oettinger welcomes signature of agreement between Azerbaijan and Turkey on TANAP project

Günther Oettinger welcomes signature of agreement between Azerbaijan and Turkey on TANAP project
# 29 June 2012 08:58 (UTC +04:00)
‘Europe is now a step closer to its aim to get gas directly from Azerbaijan and the other countries in the Caspian region’, said Oettinger.

Note that, Azerbaijan and Turkey signed the agreement on TANAP project on June 26. Realization of TransAnadolu pipeline project will cost $7 bn. The diameter of the pipeline has been considered at 56 inches or 1.4 meters. That is, 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. during the first period, 10 bn cbm of Azeri gas will be sold to Europe, 6 bn cbm – to Turkey. The gas, considered for Europe, will be handed over on Turkish-Bulgarian or Turkish-Greek border.
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THE OPERATION IS BEING PERFORMED