Cost of TANAP gas pipeline specified
The cost of the Trans Anatolian Natural Gas Pipeline (TANAP) is $7.9 billion, the Turkish media quoted TANAP CEO Saltuk Duzyol as saying Nov. 6.
Duzyol said that TANAP’s construction has been completed by 93 percent, AzerNews reports.
“In general, $3.8 billion were saved during construction,” noted the CEO.
To date, loan agreements worth $3.65 billion have been signed as part of the pipeline’s construction, he noted.
Testing TANAP will start on the Turkish-Georgian border in early 2018, added Duzyol.
TANAP project envisages transportation of gas from Azerbaijan’s Shah Deniz field to the western borders of Turkey. The gas will be delivered to Turkey in 2018 and after completion of the Trans Adriatic Pipeline's construction natural gas will be delivered to Europe in early 2020.
