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OilMonster

Natural Gas June 13, 2018 01:30:31 AM

Historic TANAP Gas Pipeline Project Goes Live

Anil
Mathews
OilMonster Author
Erdogan said first gas delivery to the Greek border is set for June 2019.
Historic TANAP Gas Pipeline Project Goes Live

SEATTLE (Oil Monster): The historic Trans Anatolian Natural Gas Pipeline (TANAP) project was officially launched Tuesday in the central Turkish city of Eskisehir.

TANAP was opened by Turkish President Recep Tayyip Erdogan, Azerbaijani President Ilham Aliyev, Ukrainian President Petro Poroshenko, Serbian President Aleksandar Vucic, and Mustafa Akinci, president of the Turkish Republic of Northern Cyprus.

Speaking at the ceremony, Erdogan called TANAP the fruit of the shared vision of the countries involved in the project and said it would pave the way for similar future projects.

“The political and economic stability Turkey has ensured over the last 16 years in Turkey has played a very significant role in realizing TANAP in such a short time,” Erdogan said, referring to the era of Justice and Development (AK) Party rule.

Calling it a historic step for the countries of the region, he added: "We are opening the Trans Anatolian Natural Gas Pipeline, the backbone of the southern gas corridor, which we call the Silk Road of energy."

Erdogan said the project was made possible primarily due to good Turkish-Azeri relations, based on mutual trust. He added that the harmonization and understanding among producer, transit, and consumer countries, and companies also sped up the process.

"In this respect, TANAP is also a sign of multilateral cooperation. The understanding that we see energy not a conflict, but as cooperative ground has once again taken shape in flesh and bones thanks to TANAP," Erdogan said.

Noting TANAP’s starting capacity of 16 billion cubic meter (bcm) of natural gas, he said 6 billion of that will go to Turkey, while 10 billion will go to Europe.

"We aim to increase TANAP's capacity to 22 bcm based on demand, and to 31 bcm immediately after with additional investments," he said.

Erdogan said first gas delivery to the Greek border is set for June 2019.

"We have sent our first local and national drilling ship the Fatih to the Mediterranean. With this ship and its cutting-edge technology, we have addressed an important shortcoming of our country," Erdogan said, adding that they have boosted Turkey's renewable energy resources' installed power from 12,305 megawatts to 40,838 megawatts.

 Courtesy: www.aa.com.tr

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