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Trans-Anatolian Natural Gas Pipeline (TANAP) Project Set to Create Over 15,000 Jobs

Trans-Anatolian Natural Gas Pipeline (TANAP) Project Set to Create Over 15,000 Jobs

Jul 15,2015

According to the sources of the State Oil Company of Azerbaijan (Socar), which is the nodal agency for implementing the Trans-Anatolian Natural Gas Pipeline (TANAP) project, the TANAP will be creating over 15,000 new job opportunities and will be contributing hugely to the economy of all the participating countries of this project.

Shah Deniz Stage 2 Gas Field Development project's pipelines as well as upstream investments have immense potential in creating thousands of business and employment opportunities. It is expected that the TANAP project will be adding 15,000 new jobs both directly and indirectly during the period of investment. It is also expected that a major chunk of transportation revenue will be given to the  shareholders and tax revenue will be remitted to the country's economy during the period of the TANAP project's operations.

Socar Turkey CEO Kenan Yavuz while talking to Anadolu Agency in an interview said that TANAP parties have completed the negotiations and signed gas shipment (transportation) agreements.

Turkey has already become part of this project and is one of the major investor with over 30% stake, apart from being the shipper. Turkey considers this as a solution for the gas shotage it  is facing every year due to the differences between Russian Federation as well as the  transit nation, Ukraine.

TANAP not only brings several nations closer, but also supplies gas to several European nations that it will be covering. The pipeline covers over 20 states, 67 districts and over 600 villages and hamlets that have different demographic and social characteristics. Nearly 60% of the pipeline will be laid in hilly and mountainous terrain.

In the beginning, TANAP project's capacity will be around 16 billion cubic meters (bcm) of gas from Azerbaijan’s Shah Deniz II field in the Caspian Sea. This capacity will be increased to over 31 bcm in the due course of time. In this, Turkey is expected to receive 6 bcm of gas while the rest of the gas will be supplied to European countries.  

 

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