SOCAR Turkey Enerji can purchase the planned seven percent from the State Oil Company of Azerbaijan (SOCAR), which owns the share of 58 percent in TANAP. The entire TANAP project is estimated at $10 billion.
TANAP project envisages transportation of gas of Azerbaijan’s Shah Deniz field from Georgian-Turkish border to the western borders of Turkey.
The initial capacity of TANAP pipeline is expected to reach 16 billion cubic meters of gas per year. Around six billion cubic meters of this gas will be delivered to Turkey and the remaining volume will be supplied to Europe.
Currently, the shareholders of TANAP are: the State Oil Company of Azerbaijan (SOCAR) – 58 percent, Botas – 30 percent and BP – 12 percent.
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