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Natig Aliyev: No one can impede TANAP project

13 October 2012 08:30 (UTC +04:00)

Because the project has not any disturbing sideâ€™, Azerbaijanâ€™s Minister of Industry and Energy Natig Aliyev said in an interview to Turkish Trade and Policy magazine, APA reports.

He called negative position of some states in relation to the project baseless: â€˜As Turkey and Azerbaijan, we will realize this project and we do not want anything from somebody. There is not any disturbing matter in the projectâ€™.

Minister Aliyev expressed that in initial stage, 10 bcm of gas would be sold to Europe via this project that provides Turkish increasing gas need with 6 bcm of gas. He said that TANAP pipeline was not an alternative to Nabucco, but a project corresponding it.

Aliyev noted that by the end of 2017, SOCAR would invest $17 bn in Turkey, including Petkim and TANAP: â€˜This figure is the biggest direct investment sum in Turkeyâ€™.

Remind that, on June 26, 2012, Azerbaijan and Turkey signed agreement on TANAP project in Istanbul. 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. During the first period, 10 bn cbm of Azeri gas will be sold to Europe, 6 bn cbm â€“ to Turkey. The gas, considered for Europe, will be handed over on Turkish-Bulgarian or Turkish-Greek border.