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Caspian Oil & Gas Conference - Six social projects to be funded within TANAP

Six social projects to be funded within TANAP
15.02.2017

Six social projects worth 14 million Turkish liras will be funded within the Trans Anatolian Natural Gas Pipeline (TANAP) project, the Turkish media reported on February 13.

The funds will be allocated to the Habitat Association, Teachers Academy Foundation, municipality of Seyitgazi town in Eskisehir Province, the Turkey Autism Early Diagnosis and Education Foundation and the Development Foundation of Turkey for implementation of the projects.

These social projects are planned to be implemented until 2019.

TANAP project envisages transportation of gas from Azerbaijan’s Shah Deniz field to the western borders of Turkey.

The length of TANAP is 1,800 kilometers with the initial capacity of 16 billion cubic meters. Around six billion cubic meters of the gas will be delivered to Turkey and the remaining volume will be supplied to Europe.

The gas will be delivered to Turkey in 2018 and after completion of the Trans Adriatic Pipeline’s construction the gas will be delivered to Europe in early 2020.

TANAP shareholders are Azerbaijan’s state oil company SOCAR (58 percent), BOTAS (30 percent) and BP (12 percent).

(3.6929 liras = $1 on Feb. 13)


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