The 1,850-kilometre pipeline will carry 16 bcm (565 bcf) of gas per year from Azerbaijan to Turkey, and on to the Turkish-Greek border, where it will connect to the Trans-Adriatic pipeline (TAP) upon commissioning of the latter in 2020.
The TAP will carry 10 bcm of gas per year to Europe.
“TANAP is about energy security, for Turkey, for Europe, for Ukraine. It’s about the diversification of gas supply away from Russia,” said Ukraine’s President Petro Poroshenko, also attending the ceremony. “We will be more than happy to receive gas through TANAP.”
The news came weeks after Azerbaijan launched the extension of the South Caucasus pipeline – the first leg of the Southern Gas Corridor – which feeds TANAP.
Although Ukraine is not on the route of the Southern Gas Corridor, the country is eager to reduce its dependence to Russian gas, and deliveries of Azeri gas through Bulgaria could happen in the future.
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
This website uses cookies.