See How The TANAP‬ Pipeline Is Progressing

February 22, 2016

Construction of the ‪TANAP‬ (Trans Anatolian Natural Gas Pipeline Project) pipeline is progressing.

Trans Anatolian Natural Gas Pipeline Project (TANAP) involves the construction of a 1,850km-long pipeline to supply gas from Azerbaijan, which currently has gas reserves of more than three trillion cubic metres, to Turkey and Europe. The pipeline construction was started in March 2015.

Southern Gas Corridor Closed Joint Stock Company (SGC - 58%), BOTAS (30%) and BP (12%) are the partners in the project development. SGC is 51% state-owned and 49% owned by SOCAR. The shareholders agreement for TANAP was signed in March 2015, a few days prior to the start of the pipeline construction.

The overall investment on the project is estimated to reach $11.7bn and is expected to bring more than 15,000 jobs. It will be one of the world's longest gas pipelines upon completion.

The news link: http://oilpro.com