Caspian gas is real source for diversification of gas supplies to EU
BAKU. KAZINFORM Caspian gas is one of the real sources for diversification of routes of gas supplies to Europe, Senior Adviser at Georgian National Oil and Gas Corporation, Liana Jervalidze said Sept. 10.
She made the remarks at an international conference titled the "Caspian Shelf".
Jervalidze said the Caspian states, Azerbaijan, Kazakhstan, Turkmenistan and Iran, have large natural gas reserves.
"There have long been international sanctions against Iran, and development of large gas reserves in this country demands substantial investments," Jervalidze said. "However, in this case it will be easier to solve the gas transportation problem, as work is underway to create the Trans-Anatolian gas pipeline."
The Trans Anatolian Natural Gas Pipeline Project, or simply known as TANAP, has been created to transport gas from Azerbaijan's Shah Deniz field through Turkey up to the country's border with Europe, Trend reports.
The pipeline, which will have a transportation capacity of 16 bcm of gas per year, is projected to be commissioned in mid-2018.
By 2023, its capacity will be increased to 23 bcm, and to the maximum design capacity of 31 bcm by 2026.