Cost of TANAP gas pipeline specified

The cost of the Trans Anatolian Natural Gas Pipeline (TANAP) is $7.9 billion, the Turkish media quoted TANAP CEO Saltuk Duzyol as saying Nov. 6.

Duzyol said that TANAPchr("39")s construction has been completed by 93 percent.

"In general, $3.8 billion were saved during construction," noted the CEO.

To date, loan agreements worth $3.65 billion have been signed as part of the pipelinechr("39")s construction, he noted.

Testing TANAP will start on the Turkish-Georgian border in early 2018, added Duzyol.

TANAP project envisages transportation of gas from Azerbaijanchr("39")s Shah Deniz field to the western borders of Turkey. The gas will be delivered to Turkey in 2018 and after completion of the Trans Adriatic Pipelinechr("39")s construction natural gas will be delivered to Europe in early 2020.