TANAP project is of particular significance for providing Europe’s energy security, the Hungarian Foreign Minister Peter Szijjarto said at a meeting with his Turkish counterpart Mevlut Cavusoglu, the Anadolu agency reported Jan. 26.
Szijjarto said Hungary is confident that the project will be one of the most important energy projects.
The TANAP project envisages the transportation of gas of Azerbaijan’s Shah Deniz field from the Georgian-Turkish border to the western borders of Turkey.
TANAP’s initial capacity is expected to reach 16 billion cubic meters of gas per year.
Around six billion cubic meters will be delivered to Turkey and the rest of the volume to Europe.
Turkey will obtain gas in 2018. The gas will be supplied to Europe in early 2020 after the Trans Adriatic Pipeline (TAP) is constructed.