Turkey has accelerated efforts to complete the Trans Anatolian Natural Gas Pipeline Project (TANAP) with projected costs now lowered by $3.2 billion and the first delivery of gas slated for June of this year, TANAP General Director Saltuk Düzyol said.
Pointing out that 77 percent of the section of the “phase-zero” TANAP line running from the Turkish-Georgian border to Eskisehir has already been completed, “We plan to make our first gas delivery right at the end of June, if everything goes according to schedule regarding the project. We are keeping costs relatively low and have slashed a total of $3.2 billion from the total budget,” Saltuk noted Earlier S. Düzyol mentioned 8,5 USD as total project costs.
The first gas flow through TANAP will take place in 2018. Officials aim to gradually increase the pipeline’s transportation capacity in stages, from the initially projected 16 billion cubic meters per year to 24 billion cubic meters and 31 billion cubic meters.
TANAP shareholders’ share in the project is as follows: Southern Gas Corridor CJSC – 58 percent, Botas – 30 percent and BP – 12 per cent.