EBRD initiates environmental assessment of TANAP pipeline project to identify investment risks
The European Bank for Reconstruction and Development (EBRD) has started accepting bids for performance of environmental and social impact assessment of the impacts of the Trans-Anatolian Natural Gas Pipeline (TANAP) Project to identify potential investment risks.
The USD 9.2 bln TANAP pipeline is expected to transport gas of Azerbaijan’s field Shah Deniz from the Georgian-Turkish border to the western border of Turkey. The gas will be delivered to Turkey in 2018, and after completion of the construction of the Trans Adriatic Pipeline (TAP), the gas will be delivered to Europe approximately in the early 2020.
The acceptance of bids from potential assessors will continue until October 18, 2017. A list of the necessary bidding documentation is available at the EBRD’s official website.
More detailed information can also be found at the TANAP website.
The TANAP pipeline will start from the Sangachal terminal in the territory of Azerbaijan and will be the expansion of the existing South Caucasus Pipeline (SCPx). From the end point of SCPx, which is in Erzurum, it will be continued to Eskişehir where it will unload gas intended for Turkish buyers. From the Turkey-Greece border it will continue through Greece, Albania and will end in Italy. The exact route of the pipeline is not clear. However, it was announced that one branch from Turkey would go to Greece and the other to Bulgaria. It would also be connected with the Trans Adriatic Pipeline.
SOCAR (80%), BOTAŞ (15%), and TPAO (5%) are the founding members of the consortium. SOCAR has the right to sell part of its shares to minority partners. BP has entered into a deal to acquire 12% of shares in this project. The TANAP project company will be headquartered in the Netherlands.
