First tenders within TANAP gas pipe construction announced

The first tenders within the framework of construction of TANAP gas pipeline have been announced, APA-Economics reports citing Turkish media.

The term of tender for pipeline purchase will end on August 27, 2013; term of tender for construction of pipeline and stations will end on September 27, 2013.

Note that, construction of TANAP is considered to start within this year. Azerbaijan and Turkey signed relevant interstate agreements connected with the realization of TANAP project. The construction is expected to complete in 2017-2018. The project will be implemented in 4 stages. The first stage will be completed in 2018. Its capacity of the pipeline will be hit 16 bn cbm in 2020; 23 bn cbm in 2020; 31 bn cbm in 2026. During the first period, 10 bn cbm of Azeri gas will be sold to Europe, 6 bn cbm – to Turkey.

Currently, SOCAR owns 80% and Turkey 20% share in the project. But Azerbaijan intends to present 29% of its share to BP, Statoil and Total companies.

Adapted from