Doubling the capacity of TANAP will take about 5 years, says TANAP A.S. General Director
Increasing the throughput capacity of the Trans-Anatolian gas pipeline (TANAP) by almost two times – from the current 16 bcm to 31 bcm, will take about five years, says the CEO of the TANAP A.S. pipeline company Saltuk Duzyol.
“After the final investment decision is made, it will take time to conduct tender procedures, then attract financial resources, construction work, and finally test procedures and certification of equipment,” Duzyol said at a press conference for Azerbaijani journalists.
Duzyol also noted that against the background of the continuing rise in oil prices and the processes taking place in the global economy in the post-COVID period, the prices for equipment and services are becoming more expensive.
Naturally, this also leads to an increase in the cost of the expansion project for both the TANAP gas pipeline and the entire Southern Gas Corridor.