TANAP groundbreaking ceremony held
A groundbreaking ceremony for the Trans-Anatolian natural gas pipeline has been held in Selim, the Turkish province of Kars.
President of the Republic of Azerbaijan Ilham Aliyev, President of the Republic of Turkey Recep Tayyip Erdogan and President of Georgia Giorgi Margvelashvili attended the ceremony, reveals a statement issued by the office of the president of Azerbaijan.
The agreement on the project was signed in Istanbul in 2012. It will link the expanded South Caucasus pipeline, which starts in Azerbaijan, with several pipelines in the European Union. The project will be carried out in several stages, with the first ending in 2018.
The planned capacity of the pipeline will be 16 billion cubic metres of natural gas per year by 2020, and will be increased later up to 23 billion cubic metres by 2023 and 31 billion cubic metres by 2026. Ten billion cubic metres of the initial 16 billion cubic metres volume will be transported to Europe, while 6 billion cubic metres to Turkey.