Skip navigation links
Press Releases
News from Turkey
Publications
Upcoming Tenders
Links
Videos
Newsletter Subscription
This page is print preview page.
Click here to return to the page.
Print page
News
 
TANAP construction to start in 2013 
08.02.2013

Yeni Safak – The construction work on the strategic Trans-Anatolian Pipeline (TANAP) project, designed to carry Azeri gas to Turkey and Europe, is set to begin this year, Turkey’s Prime Minister Recep Tayyip Erdogan said during a visit to Slovakia. At a press conference with the Slovakian Prime Minister Robert Fico, Erdogan stated that TANAP had passed through the parliaments of both Turkey and Azerbaijan, the two major partners of the project, and that construction was likely to begin in 2013.


“With no obvious progress on the Nabucco, Turkey has taken steps towards securing its energy supply and entered into an agreement with Azerbaijan. The agreement on TANAP has been ratified in the parliaments of the two countries”, Turkey’s Prime Minister said.


Envisaged as an alternative energy route to reduce Europe’s reliance on Russian gas, the Nabucco pipeline was initially planned to carry 32 billion cubic meters of natural gas per year through Turkey to European customers. Due to supply problems and high costs, the project was considerably downsized last year. Turkey would be playing a pivotal role in TANAP as a major partner and would be a transit country in the scaled-down Nabucco.


Turkey and Azerbaijan signed the TANAP agreement last June with Turkey’s BOTAS and Azeri SOCAR being the major partners of the USD 7 billion project. TANAP will carry 16 billion cubic meters of gas per year, with 6 billion to be delivered to Turkey and rest to Europe. The project was later partnered by European energy companies BP, Statoil and Total, which acquired a combined 29 percent of shares late last year.

19.11.2014 Foreign realty investors flood into Turkey
17.11.2014 GE to launch a biotech lab in Turkey by mid-2015
11.11.2014 Tofas to invest USD 520 million in two new vehicles
06.11.2014 Turkey to export 900,000 motor vehicles by the year end
04.11.2014 Turkey’s tourism revenue hits new record
03.11.2014 Turkey’s exports hit record high in October
31.10.2014 Singapore's GIC investing in Turkish real estate sector
30.10.2014 DHL to expand its investments in Turkey
27.10.2014 Turkey draws USD 8.6 billion of FDI in 8 months
22.10.2014 Turkey, the top agricultural producer of Europe
<<
1 2 3 4 5 6 7 8 9 10
>>