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Two more countries may join TANAP, says director general

22 April 2016 11:31 (UTC +04:00)

Baku. Agshin Rafigoglu - APA-Economics. Two more countries may join The Trans-Anatolian Natural Gas Pipeline (TANAP), said the TANAP’s Director General Saltuk Duzyol, APA-Economics reports citing to Milliyyet newspaper.

According to him, transportation of Northern Iraqi and Turkmen gas via TANAP is on the agenda: “There are gas fields in Iraq that possible to include TANAP. Negotiations are underway. Turkmen gas also may be transported via TANAP”.

First gas transportation via TANAP is planned to be carried out in 2018. The 1,850 km pipeline will deliver 10 bcm to Europe once it is connected to the Trans Adriatic Pipeline (TAP) by 2020. By 2023, TANAP's capacity will rise to 23 bcm per year and then to 31 bcm by 2026.

The construction of the Trans Anadolu Gas Pipeline (TANAP) has been estimated to cost $10-$11 billion,

TANAP shareholders: SOCAR (58%), BOTAS (30%), BP (12%).