Work starts on TANAP

By John O'Hanlon

Turkey and Azerbaijan began construction of the new Trans-Anatolian gas pipeline (TANAP) this week. The strategic pipeline will bring gas from the Azerbaijan’s huge Shah Deniz 2 field to Turkish and EU consumers. Ankara increased its stake in the project to 30 percent last year. Azeri state-oil firm SOCAR holds 58 percent, while BP, which leads the consortium developing Azeri field, has the remaining twelve percent.

Turkish President Recep Tayyip Erdoğan and his Azerbaijani counterpart Ilham Aliyev were present at the ceremony in the north eastern city of Kars celebrating the beginning of work on the $10 billion pipeline in Turkey's Kars region. "We plan to establish Turkey as the energy distribution hub of the region," said Erdoğan.

Meanwhile Russia’s Gazprom and Turkish pipeline company Botas agreed yesterday on a 10.25 percent discount on Russian gas supplied to Turkey, said Turkish Minister of Energy and Natural Resources Taner Yildiz. "The documents on the discount haven’t yet been signed, but that's a technical detail. The main thing is that we have agreed, and the signatures are on their way,” said Yildiz.

The discount was a condition of last year's agreement between Moscow and Ankara over the construction of the Turkish Stream undersea pipeline linking the two countries and which replaces the south Stream pipeline which Moscow was forced to abandon under pressure from the EU.


Featured Articles

SAP creates new EMEA region and announces new President

SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology

How SAP is facilitating continuous business transformation

Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software

Siemens and Microsoft: Driving cross-industry AI adoption

To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI

Sustainability must become central to corporate strategy


The endless benefits of putting your people first

Leadership & Strategy

Working from anywhere: SAP uncovers secret life of employees

Human Capital