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14.10.2016 11:55

Turkish stream not a rival to TANAP

Turkish Stream is not a rival to the Trans-Anatolian Gas Pipeline (TANAP), Saltuk Duzyol, head of TANAP consortium, said in an interview with TRT Haber on Oct. 13.

He said TANAP has two contracts for gas transportation for a period of 15 years, which guarantees its stable income.

Turkish Stream is unable to provide such benefits as TANAP, which opens up a new route for gas supply to Turkey and Europe and contributes to diversification of sources," Duzyol said.

He added that Turkey expects to receive the first gas via TANAP in the city of Eskisehir before June 2018.

The consortium has signed contracts worth more than $5 billion, he added. Some $3 billion have been already spent for the construction. The construction involves 8,000 people.

Duzyol said that once TANAP is constructed, Azerbaijan will become the second supplier of gas to the Turkish market, leaving Iran behind.

TANAP project envisages transportation of gas from Azerbaijans Shah Deniz field to the western borders of Turkey. The length of TANAP is 1,800 kilometers with the initial capacity of 16 billion cubic meters.

Around six billion cubic meters of this gas will be delivered to Turkey and the remaining volume will be supplied to Europe.

The gas will be delivered to Turkey in 2018, and after completion of the Trans Adriatic Pipelines construction, the gas will be delivered to Europe in early 2020.

TANAP shareholders are Azerbaijans state oil company SOCAR (58 percent), BOTAS (30 percent) and BP (12 percent).

Russia and Turkey signed an intergovernmental agreement on the implementation of the Turkish Stream project on October 10. The agreement is for construction of two branches of the pipeline through the Black Sea, the capacity of each branch being 15.75 billion cubic meters of gas.

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