Page 9 - MEOG Week 48
P. 9
MEOG PIPeLInes & transPort MEOG
Turkey and Azerbaijan formally mark completion of TANAP
turkey
tURKEy and Azerbaijan formally marked the completion of the $6.5bn trans-Anatolian Natu- ral Gas Pipeline (tANAP) on December 1.
tANAP makes up the longest stretch of the $40bn southern Gas Corridor (sCG), a series of pipelines that will carry gas from Azerbaijan’s shah Deniz II field to southern Italy, thus help- ing the European Union reduce its dependence on Russian gas. However, to meet that objec- tive work must be completed on the delayed trans-Adriatic Pipeline (tAP), running across Greece and Albania and under the Adriatic sea.
tANAP has the capacity to carry up to 16bn cubic metres (bcm) of Azerbaijani gas a year. Around 10 bcm of that is to go to Europe, while 6 bcm will be allocated for the turkish market.
A tANAP inauguration ceremony was held in the turkish town of Ipsala on the Greek border. turkey’s President Recep tayyip Erdo- gan and Azerbaijan’s President Ilham Aliyev attended.
“Asidefrominsuringtheenergyneedsofour country with tANAP, we aimed to contribute to Europe’s energy supply security,” Erdogan said, Reuters reported.
“The real responsibility from now on lies with our neighbours on the other side of the border. The trans-Adriatic Pipeline needs to be com- pleted as soon as possible to start the transfer of gas to Europe,” said Erdogan, adding that it was expected to be finished in 2020.
tANAP’s shareholders are Azerbaijani state energy company socar (51%), turkish pipeline operator BOtAs (30%), BP (12%) and socar turkey (7%).
separately, Erdogan reportedly said turkey and Russia would launch the turkstream pipe- line with a ceremony in Istanbul on January 8. The first part of that pipeline is designed to sup- ply turkish domestic customers. It is expected that the second part will cross Bulgaria and ser- bia and Hungary.
Week 48 04•December•2019 w w w . N E W S B A S E . c o m P9
