Report: West plans to expand capacity of TANAP pipeline - Oil & Gas - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Report: West plans to expand capacity of TANAP pipeline

ANKARA, Aug 8 (PRIME) -- The West plans to expand the capacityof the Trans Adriatic Pipeline (TAP) and the Trans-Anatolian Natural Gas Pipeline (TANAP) to reduce its dependency on the natural gas from Russia, Turkish daily Yeni Safak reported on Monday.

“The annual capacity of TAP, the European part of the TANAP pipeline built in the framework of the Southern Gas Corridor, is estimated at 10 billion cubic meters … Europe wants to expand the capacity of Southern Gas Corridor, and there is a technical possibility to raise the TAP capacity to 20 billion cubic meters from 10 billion cubic meters,” the daily reported.

Investment is necessary to expand the TANAP capacity first to 24 billion cubic meters from 16 billion meters with the scope of further expansion to 31 billion cubic meters, Yeni Safak reported.

The goal could be met no earlier than in five years as additional accords and agreements are necessary besides investment. The projects will strengthen the positions of Turkey as of the energy base country, the daily reported.

End

08.08.2022 08:13
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 2189.16 -0.32 18:51 28 jul
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 196.24 -0.13 18:36 28 jul
lkoh 3847.50 0.00 18:53 28 jul
rosn 348.70 0.00 18:49 28 jul
sber 131.69 -0.61 18:36 28 jul
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 61.1000 +0.5550 14:59 28 jul
USDTD 60.8350 +0.9200 17:44 28 jul