More than a billion cubic meters of gas were transported through the Trans Anatolian Natural Gas Pipeline (TANAP) pipeline to Turkey since its inauguration in June 2018, Azerbaijan President Ilham Aliyev said.
Mr Aliyev welcomed the work of the southern gas pipeline as an energy security plan to fuel Turkey and Europe with Caspian natural resources from the Shah Deniz-2 deposit in Azerbaijan. The 3,500-kilometer long project is one of the largest in the world with an investment totaling about $ 40 billion.
Gas consumption in Turkey is about 50 billion cubic meters, of which about 12% is covered by Azerbaijani deposits, according to the Turkish energy ministry. The gas transported through TANAP accounts for about 2% of the country’s consumption.
The President of Azerbaijan said the last leg of the southern gas pipeline, the Trans Adriatic Pipe (TAP) pipeline, has been completed by 85%. He also underlined that Azerbaijan has 2.3 trillion cubic meters of proven gas reserves, in which the European energy market could benefit as a new source of supply.
The TANAP pipeline, the longest link of the 1.850-km south-corridor chain, has a capacity of 16 billion cubic meters of natural gas. Turkey will receive 6 billion cubic meters through TANAP, while 10 billion cubic meters of gas will be shipped to Europe via the TAP pipeline.