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Baker Hughes ready to continue cooperation with TANAP

07 September 2017 14:52 (UTC +04:00)

Baker Hughes, a GE company, based in the US, stands ready to assist in the second phase of implementation of the Trans Anatolian Natural Gas Pipeline (TANAP) project, said Rami Qasem, president for the Middle East, North Africa, Turkey (MENAT) and India at Baker Hughes.

Qasem said his company sees Turkey as a long-term partner: “We have participated in the first phase and are ready to assist in the second phase too”.

First gas transportation to neighbour country within TANAP will start in 2018. The planned capacity of the pipeline would be 16 billion cubic metres of natural gas per year at initial stage and would be increased later up to 23 billion cubic metres by 2023, 31 billion cubic metres by 2026.

1,802 km-TANAP will be linked to TAP from 2020 and deliver natural gas that will receive via South Caucasus Pipeline to Europe through Greece, Albania and Italy.

The pipeline is expected to cost US$9.2 billion. Azerbaijan will spend $6.1 billion.

TANAP shareholders: SOCAR - 58%, Botas – 30% and BP – 12%.