SOCAR: Azerbaijan’s share in TANAP project will not be less than 51%

SOCAR: Azerbaijan’s share in TANAP project will not be less than 51%
# 06 September 2012 14:22 (UTC +04:00)
To him, BP, Statoil and Total companies made their proposals to join the project. SOCAR has already determined its share in the project: ‘The company will have 51% share, other companies can purchase the rest 29%. But control package will be at SOCAR’. Note that 20% share in the project belongs to Turkey.

Moreover, Abdullayev took a stance on the information about Turkmenistan share in this project: ‘TANAP is a project between Azerbaijan and Turkey. This project will deliver azeri gas to Turkey and Europe’.

Remind that, on June 26, Turkey and Azerbaijan have signed several documents in Istanbul concerning the implementation of Trans-Anatolian Natural Gas Pipeline Project (TANAP). Realization of TransAnadolu 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. 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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