Azerbaijani Parliament ratifies one more document related to TANAP

Azerbaijani Parliament ratifies one more document related to TANAP
# 22 February 2013 10:42 (UTC +04:00)

Baku. Kamala Guliyeva – APA. Azerbaijani Parliament has ratified Memorandum of Understanding on construction of independent pipeline for transportation of natural gas from Azerbaijan through the territory of Turkish Republic signed between the governments of Azerbaijan and Turley.

APA reports that vice-speaker of the Parliament Valeh Alasgarov said the memorandum is one of the documents inside contract package. Some more documents will be adopted in this direction.

Construction of TANAP is considered to start within this year. Azerbaijan and Turkey signed relevant interstate agreements connected with the realization of TANAP project. The construction is expected to complete in 2017-2018. 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.

Currently, SOCAR owns 80% and Turkey 20% share in the project. But Azerbaijan intends to present 29% of its share to BP, Statoil and Total companies.

1 2 3 4 5 İDMAN XƏBƏR
#
#

THE OPERATION IS BEING PERFORMED