TANAP delivers 3.5 bcm of Shah Deniz gas to Turkey

Fri 13 Dec 2019 07:13 GMT | 11:13 Local Time

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So far, 3.5 billion cubic meters of Azerbaijani gas from the Shah Deniz field has been delivered to Turkey via the TANAP, said First Vice-president of SOCAR, academician Khoshbakht Yusifzade.

TANAP is the most important link of the Southern Gas Corridor, designed to transport natural gas produced from Azerbaijan’s Shah Deniz-2 field initially to Turkey and onwards to Europe.

The actual costs of the project amounted to $6.5 billion against the initial estimate of $11.77 billion. Thus, it was possible to save 45 percent.

The share distribution of TANAP shareholders is as follows: Southern Gas Corridor CJSC - 51 percent, SOCAR Turkey Enerji - 7 percent, BOTAS - 30 percent, BP - 12 percent. TANAP will bring pipeline shareholders a total of $1.45 billion in annual revenues, of which 58 percent will account for Azerbaijan.

News.Az

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