10/7/2016
Trans-Anatolian Natural Gas Pipeline (TANAP) Project
TANAP A.Ş. Director General Saltuk Düzyol, "Discussons continue between our partners BOTAŞ and SGC with World Bank, European Investment Bank and Asian Infrastructure Investment Bank for financing of the project. Agreements expeted to be signed no later than the end of year, or in the first quarter of year, the latest."
Trans Anatolian Natural Gas Pipeline (TANAP) Corp. Director General Saltuk Düzyol has made public statements on the project. Düzyol said, "Discussons continue between our partners BOTAŞ and SGC with World Bank, European Investment Bank and Asian Infrastructure Investment Bank for financing of the project. Agreements expected to be signed no later than the end of year, or in the first quarter of year, the latest". As it might be recalled, we most recently reported that EBRD Energy and Natural Resources Director Puliti's statements as, "Right now we work on financing of TANAP and TAP, we are at assessment stage. A financing package of total USD 1.5 billion financing package for the two projects but it is too early to say how it will be divided between the two projects TEBA:1782/ September 21, 2016. We have further reported that European Commission has confirmed the fourth donation support of 3.5 million Euros to TANAP, together with the final item approved by the Commission to be supported, the donations secured for TANAP has totaled to 10.3 million Euros TEBA:1775/ July 29, 2016. "It is definitely cost effective when compared with TAP and SCPX" Noting estimated investment cost of TANAP is about USD 11.7 billion, Director General Düzyol, "However, in the process 25% price advantage gained in engineering, supply and construction contracts under the impact of decrease experienced oil and services prices and as the result of global stagnation. When TANAP compared with other projects, TAP and SCPX of South Gas Corridor, it seems far more cost effective". "Transportation of Iraq, Qatar and Eastern Mediterranean gas may also be considered" Düzyol also said, "There is One Single Entry Point of our Pipeline, which is the commercial calibration point located at Ardahan province, Posof county, Türkgözü village on Georgia-Turkey border. It is possible to take over gas at this entry point from Azerbaijan and other sources countries in the East, primarily Turkmenistan as to be transported to consumer centers in Turkey and then to Europe. If the Host Country Agreement can be revised and multiple entrance possibility secured, transportation of Iraq, Qatar and Eastern Mediterranean gas may also be considered".
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