12/26/2011

Turkish-Azeri joint pipeline to carry Shah Deniz gas to Europe

Sabah - Turkey’s strategic position as an energy corridor between oil and gas producing countries in the East and consumers in the West will gain considerable strength with the projected Trans Anadolu (Trans Anatolian Pipeline project - TANAP), designed to carry gas from Azerbaijan’s Shaz Deniz field to Europe. The USD 5 billion project will be completed by 2017 according to the memorandum signed by the Turkish Minister for Energy and Natural Resources Taner Yildiz, and Azerbaijani Minister for Industry and Energy Natig Aliyev.

The pipeline will stretch from Turkey’s eastern to its western border, guaranteeing the export of gas from the Shah Deniz field in the Caspian Lake to Europe through Turkish territory. Turkey’s state-owned oil and gas distribution companies, TPAO and BOTAS will partner with Azeri SOCAR in the consortium to build the pipeline. The project will be open to international participation in its second stage.
Turkey; energy sector; pipeline project; gas pipeline; europe energy pipelines; botas; shah deniz; trans anatolian; trans anadolu; azeri gas; shah deniz

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