The Azerbaijani government Friday approved a law regarding the agreement with Turkey on the Trans-Anatolian natural-gas pipeline project.
The Azerbaijani government Friday approved a law regarding the agreement
with
Turkey
on
the Trans-Anatolian natural-gas pipeline project.
A statement on the website of Azerbaijani President Ilham Aliyev said the two
sides signed a law that approves the agreement on the project, which will carry
Caspian Sea
gas across
Turkey
to
Europe
and
which was endorsed June 26 in
Istanbul
.
It is expected that TANAP will begin its work in 2018. The yearly volume of gas
supplied as part of stage two of the Shah Deniz gas field project will be 16
billion cubic meters, 6 billion cubic meters of which will be supplied to
Turkey
and
10 billion cubic meters to
Europe
.
At a later stage it is expected that TANAP capacity will be gradually increased
to 31 billion cubic meters a year by 2026.
Preliminary estimates show the construction of TANAP will require investments
amounting to $7 billion to $10 billion.
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