Bank Of Baku

Turkey’s PM: TANAP will be dream come true

Turkey’s PM: TANAP will be dream come true
# 18 September 2014 23:24 (UTC +04:00)

Following Davutoglu's upcoming talks on Friday on bilateral relations and regional and international developments with Azerbaijani officials, the TANAP project foundations will be laid Saturday which Davutoglu described as a 'peace project' that will connect the Caucasus with the Balkans. 

 

An estimated 6 billion cubic meters of gas will be delivered to Turkey and 10 billion cubic meters to Europe via the TANAP pipeline which is projected to be opened in 2018 and in which Turkey has a 30 percent share in the project.

 

Turkey’s Minister of Energy and Natural Resources Taner Yildiz and Azerbaijan’s Minister of Industry and Energy Natig Aliyev signed the memorandum of understanding on the TANAP on 26 May, 2014. 

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