Aleskerov highlighted that the approval of the memorandum will be very important in terms of support for the TANAP project by Azerbaijani side.
The memorandum was signed on May 26, 2014.
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, the gas will be delivered to Europe in early 2020.
The length of TANAP is 1800 kilometers with the initial capacity of 16 billion cubic meters.
The capacity of TANAP will be expanded to 23 billion cubic meters and up to 31 billion cubic meters by 2026. Around six billion cubic meters of this gas will be delivered to Turkey and the remaining volume will be supplied to Europe.
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