Baku Buries Nabucco?
Source: http://www.ng.ru
#pipeline #azerbaijan #turkey #politics #construction
Azerbaijan and Turkey yesterday signed an inter-governmental agreement in Istanbul on construction of Trans Anatolian Pipeline (TANAP). Turkey's Prime Minister Recep Tayyip Erdogan and the President of Azerbaijan Ilham Aliyev participated in the signing ceremony. The new pipeline will carry up to 16 billion cubic meters gas a year from Azerbaijan's Shah Deniz gas field through Turkey as far as its European borders.
The project is in direct competition with the multinational Nabucco pipeline project sponsored by a consortium that includes OMV and RWE and is baked by the European Commission, Russian Nezavisimaya Gazeta writes.
The founders of the new consortium are Azerbaijani State Oil Company with 80 percent shares, Turkish Botas oil state gas company and Turkiye Petrolleri Oil Company with 20 percent shares. In future other international oil-gas companies also may join the consortium.
"We are going to solve all the issues connected with the project and without losing time pass to the construction works so that the new pipeline be ready by 2017," Rovnag Abdulayev, chairman of the Azerbaijani state oil company said.
2000 kilometers long new pipeline starts from Azerbaijan and stretches to either Greece or Bulgarian border through Turkey's territory. The first phase of the gas pipeline construction is said to cost US$ 7-8 billion.
The project is in direct competition with the multinational Nabucco pipeline project sponsored by a consortium that includes OMV and RWE and is baked by the European Commission, Russian Nezavisimaya Gazeta writes.
The founders of the new consortium are Azerbaijani State Oil Company with 80 percent shares, Turkish Botas oil state gas company and Turkiye Petrolleri Oil Company with 20 percent shares. In future other international oil-gas companies also may join the consortium.
"We are going to solve all the issues connected with the project and without losing time pass to the construction works so that the new pipeline be ready by 2017," Rovnag Abdulayev, chairman of the Azerbaijani state oil company said.
2000 kilometers long new pipeline starts from Azerbaijan and stretches to either Greece or Bulgarian border through Turkey's territory. The first phase of the gas pipeline construction is said to cost US$ 7-8 billion.
