Shah Deniz gas field

Turkey and Azerbaijan will on Tuesday formally begin construction on a new gas pipeline costing over $10 billion which will pump gas from the vast Azerbaijani Shah Deniz 2 field across Anatolia to Turkish and EU consumers.

Energy giant BP signed an agreement on March 13 to acquire a 12 percent stake in the Trans-Anatolian Natural Gas Pipeline Project (TANAP).

The Trans-Anatolian Natural Gas Pipeline (TANAP) project expects BP to resolve outstanding issues soon to become a stakeholder in the multi-billion dollar project that aims to reduce Europe's reliance on Russian gas, a TANAP official said on late March 11.

The groundbreaking ceremony of the Trans Anatolian Natural Gas Pipeline (TANAP) is planned to take place next week in the eastern province of Kars, with the participation of presidents from Turkey and Azerbaijan, Turkish Energy Minister Taner Y?ld?z said on March 9.

By Chryssa Liaggou

Turkish Energy Minister Taner Yildiz has described the Trans Anatolian Natural Gas Pipeline (TANAP) as a priority project for the country.

SOFIA - Bulgaria and Greece have agreed to take a final investment decision by the end of May to pave the way for a gas pipeline aimed at reducing Sofia's dependence on Russian gas, Bulgaria's energy minister said on Thursday.

Turkey fully intends to proceed with the Trans Anatolian Natural Gas Pipeline (TANAP) and the Southern Gas Corridor projects, Energy Minister Taner Y?ld?z said Feb. 12.

"These projects take advantage of Turkey's geographic position, and Turkey will use that advantage in favor of its neighbors and EU members," Y?ld?z said.

Bulgaria's Energy Minister Temenuzhka Petkova will take part in the first meeting of the Consultative Council on the Southern Gas Corridor project.

The meeting will take place on February 12 in Baku, Azerbaijan, according to the press office of Bulgaria's Energy Ministry.

Turkish Prime Minister Ahmet Davutoğlu has stressed on late Dec. 23 Ankara’s ambition to make the country a transit hub for all energy in the region.

“All energy will flow through Turkey just as all roads lead to Rome,” he said in a conference of ambassadors in the Macedonian capital of Skopje.