The Trans-Anatolian gas pipeline project (TANAP) could also count on supply of Turkmen gas to Europe, Turkish President Recep Tayyip Erdogan said.
He made the remarks following the negations with Turkmen President Gurbanguly Berdimuhamedov, a source close to the talks told Trend.
“TANAP may transport gas both from Azerbaijan and Turkmenistan to Europe through Turkey’s territory,” Erdogan said.
The president added that Turkey pays special attention to Europe’s energy security issues.
After the high-level negotiations held on Nov.7, Turkmenistan’s Turkmengaz State Concern and Turkey’s Atagaz company signed a framework agreement on cooperation in the purchase and sale of natural gas.
The TANAP project envisages gas transportation from Azerbaijan’s Shah Deniz field to Europe via Turkey.
The initial capacity of TANAP is expected to reach 16 billion cubic meters of gas per year. Around six billion cubic meters of the total volume of gas to be produced as part of the Stage 2 of development of the Shah Deniz field, will be delivered to Turkey and 10 billion cubic meters to Europe per year. In future the pipeline may be expanded up to 31 billion cubic meters a year.
TANAP pipeline is planned to be commissioned in 2018.
The gas to be produced as part of the Stage 2 of the field’s development will be exported to Turkey and to the European markets by means of expanding the South Caucasus Pipeline and construction of the Trans-Anatolian Gas Pipeline (TANAP) and the Trans-Adriatic Pipeline (TAP).
The first gas will be delivered to Turkey in 2018 and to Europe in 2019.
Currently, SOCAR legally holds 70 percent of share in the TANAP project, while Turkey’s Botas company owns 30 percent share. The procedure of legal execution of the transaction on purchasing 12 percent of SOCAR’s share in the TANAP project by BP will be completed by late 2014.
Subsequently, the shareholders of the TANAP will be as follows: SOCAR – 58 percent, Botas – 30 percent and BP – 12 percent.
Turkmenistan is one of the key players in the gas market in the Caspian Sea region and Central Asia. Turkey expresses interest in re-export of Turkmen gas to Europe. The most optimal option is to lay a 300-kilometer gas pipeline through the Caspian Sea to the coast of Azerbaijan which has the appropriate infrastructure to transport gas to Turkey and further to Europe.