The project was announced on 17 November 2011 at the Third Black Sea Energy and Economic Forum in Istanbul. On 26 December 2011, Turkey and Azerbaijan signed a memorandum of understanding establishing a consortium to build and operate the pipeline.At first, a film dedicated to TANAP project was demonstrated. In the film, it was emphasized that TANA...
The pipeline cost US$8.5 billion. $800 million of funding was approved by the International Bank for Reconstruction and Development. The capacity of the pipeline is 16 billion cubic metres (570 billion cubic feet) of natural gas per year at initial stage and would be increased later up to 23 billion cubic metres (810 billion cubic feet) by 2023, 31...
The TANAP pipeline passes through 20 provinces of Turkey – Ardahan, Kars, Erzurum, Erzincan, Bayburt, Gümüşhane, Giresun , Sivas, Yozgat, Kırşehir , Kırıkkale, Ankara, Eskişehir, Bilecik, Kütahya, Bursa, Balıkesir, Çanakkale, Tekirdağ and Edirne. The pipeline will start from Sangachal terminal and in territory of Azerbaijan it will be the expansion...
The TANAP is operated by SOCAR. SGC holds 58% stake in the project. Turkey's pipeline operator BOTAŞ own 30%, while BP acquired 12% in the project on March 13, 2015.TANAP is headquartered in Ankara, Turkey. Initially, Azerbaijan had held an 80% stake, with Turkey owning the remainder. The Turkish stake was divided between the Turkish upstream compa...