Lifting of the international sanctions from Iran will make the trans-Anadolu gas pipeline (TANAP) more attractive, SOCAR President Rovnag Abdullayev told journalists on Saturday.
“After lifting of sanctions from Iran, TANAP will become even more attractive. If in the future Iran has more gas to export to Europe, then it has no other alternative, but use TANAP to deliver this gas to the markets,” added Abdullayev.
He said SOCAR is ready to sell part of its share in the TANAP to the new partners, if it receives an advantageous price offer. “We do not consider re-selling part of our share in the project yet. Right now TANAP is so profitable, there is no need to sell the share to anybody. We could only sell it at a very good price. If we have an offer, then we could sell it,” he added.
Abdullayev said that the companies interested in buying a share in TANAP have submitted their proposals.
TANAP is the system, which includes 1,800-km-long gas pipeline from the Georgian-Turkish to the Turkish-Greek border, a short offshore section, connection lines, crane junctions, the scraping stations, measuring stations, compressor stations and other infrastructure. The packet of documents for TANAP construction was signed on June 26, 2012 in Istanbul.
Initially it is planned to export Azerbaijani gas from the Shah Deniz field Phase-2 via TANAP. 10 billion cub.m. of gas will be exported to Europe and 6 billion cub.m. to the western regions of Turkey.
30% share in TANAP is owned by Turkish BOTAS, 58% by SOCAR and 12% by BP. The deal with BP has not been closed yet.
