Trend.az reports Azerbaijan and Turkey signed an intergovernmental agreement on June 26 on the project pipeline Trans-Anatolian pipeline (TANAP). Gas pipelines, passing through Turkey, in particular, the project of Trans-Anatolian pipeline (TANAP), is a unique chance for European energy security, U.S. State Department Special Envoy for Energy Carlos Pascual said at the forum of Atlantic Council, held yesterday in Istanbul.
As the paper informs, in December last year, Azerbaijan and Turkey signed a memorandum of understanding to establish a consortium that will build a gas pipeline to supply gas from the Shah Deniz field to Europe through the Turkish territory. At present, BOTAS has a 20 percent stake in TANAP, and the State Oil Company of Azerbaijan (SOCAR) – 80-percent share.
The initial capacity of the pipeline is expected to reach 16 billion cubic meters per year. About six billion cubic meters of the volume will be allocated to Turkey, while the rest will be transported to Europe.
