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Turkey Coup Attempt not to Affect TANAP Pipeline’s Construction Period

Turkey Coup Attempt not to Affect TANAP Pipeline’s Construction Period

Military coup attempt and imposing a three-month state of emergency in the aftermath of the incident in Turkey will not affect the Trans Anatolian Natural Gas Pipeline’s (TANAP) construction period, TANAP consortium told Trend July 21.

“The project is being implemented according to schedule,” said the consortium. “There are no delays in the [pipeline’s] construction.”

TANAP project, worth $9.2 billion, envisages transportation of gas of Azerbaijan’s Shah Deniz field from Georgian-Turkish border to the western borders of Turkey. The gas will be delivered to Turkey in 2018, and after completion of the Trans Adriatic Pipeline’s (TAP) construction, the gas will be delivered to Europe in early 2020.

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

Source: trend