He noted that Turkey’s need for gas makes up 40-45 bcm per year: “However, the need is increasing. Turkey buys 52 bcm of gas per year. Together with 6 bcm of gas through TANAP, Turkey will buy 58 bcm per year. Moreover, Turkey will be able to buy additional 15 bcm of gas in the future”.
The general manager explained impact of the changes in oil price on the project: “We reduced TANAP’s value from $11.7 billion to $8.5 billion due to oil price decline”.
According to him, TANAP will create jobs for 10,000 people during 20 years.
Duzyol added that TANAP also provides support to the development of local companies: “80% of pipes are produced in six Turkish companies, 20% in China”.
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