“Turkish Stream not TANAP’s alternative”
The director general did not rule out the possibility that some European countries may oppose the implementation of the Turkish Stream.
Earlier, Turkish presidential administration told Trend that Turkey’s President Recep Tayyip Erdogan and his Russian counterpart Vladimir Putin will discuss a number of important economic and political issues during the meeting in St. Petersburg Aug.9.
During the meeting of the presidents of Turkey and Russia, the two countries will reconsider their relations in the economic sphere.
TANAP project, worth $9.2 billion, envisages transportation of gas of Azerbaijan’s Shah Deniz field from Georgian-Turkish border to the western borders of Turkey. The gas will be delivered to Turkey in 2018, and after completion of the Trans Adriatic Pipeline’s (TAP) construction, the gas will be delivered to Europe in early 2020.
TANAP shareholders are Azerbaijan’s state oil company SOCAR (58 percent), BOTAS (30 percent), and BP (12 percent).