South Caucasus Pipeline

The World Bank gas granted a total of USD 800 M in loans to Turkey and Azerbaijan for the Trans-Anatolian Natural Gas Pipeline (TANAP), Anadolu Agency reports.

The 1850-km pipe is part of the Southern Gas Corridor (SGC), aimed at pumping Azerbaijan's gas into Turkey and further on to Europe.

The lender has granted USD 400 M to Turkey and the same amount to Azerbaijan.

Fifty-five percent of The Trans-Anatolian Pipeline (TANAP) will have been constructed by the end of the year, Turkey's Energy Minister Berat Albayrak

Daily Sabah quotes him as saying that Turkey is successfully moving toward the creation of an energy hub and successfully pursuing a policy of energy diversification.

BP has never had a plan to exit the Turkish market, a top company official has said on the sidelines of the World Energy Congress in Istanbul, refuting earlier reports.  

"We have never had a plan about exiting Turkey. Conversely, we plan to grow more in this market," BP's Downstream CEO Tufan Erginbilgiç told reporters on Oct. 12. 

Progress on the Trans Anatolian Natural Gas Pipeline (TANAP) project is on track, TANAP General Manager Saltuk Düzyol said at the World Energy Congress in Istanbul on Oct. 11, adding it was a key part of the regional natural gas supply chain. 

National Parliament of Azerbaijan Republic approved Trans Anatolian Natural Gas Pipeline (TANAP) Project on Sept. 30.

Azerbaijani Parliament discussed issues including the cooperation between Azerbaijan and Turkey during the first meeting of the autumn.

The World Bank and the European Investment Bank are set to invest $1 billion and 1 billion euros, respectively, in the Trans-Anatolian Natural Gas Pipeline Project (TANAP) project, according to sources close to the matter. 

The TANAP project envisages gas transportation from Azerbaijan's Shah Deniz II field through Turkey and up to the country's border with Europe.

Gas flow on the Shah Deniz pipeline carrying natural gas from Azerbaijan was halted by an explosion in Turkey on Aug. 24 evening, energy sector officials said, with one saying it was thought Kurdish militants had sabotaged the pipeline.

Suspected Kurdistan Workers' Party (PKK) militants have blown up a section of the South Caucasus Pipeline in the Turkish province of Kars.

The Baku-Tbilisi-Erzurum natural gas pipeline runs form the Shah Deniz gas field in Azerbaijan to Turkey.

A number of explosions have hit important energy pipelines in eastern and southeastern Turkey over the past month. Unless the required measures are taken to halt such attacks, they will have a devastating impact on Turkey?s strategic target of becoming a reliable energy corridor or energy hub in the future. 

Banks are arranging USD 1B in financing for, a key offshore gas field project in Azerbaijan seen as crucial for Europe's energy security, the European Bank for Reconstruction and Development (EBRD) has said.