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The European Bank for International Business (EIB) recently announced that it has approved a €932 million ($1.
14 billion) financing loan for the Trans-Anatolian Gas Pipeline (TANAP), which is expected to come on stream
in June.
According to reports, the 1,850-kilometer-long production line is crucial
for the so-called Southern Gas Corridor.
With a total investment of $45 billion, the project connects Azerbaijan's gas fields to Europe
through a number of countries and a large amount of infrastructure.
The Southern Gas Corridor project is a major regional project, of which the TANAP gas pipeline is an important part of which it is important
to ensure long-term energy security in Georgia, Turkey and Europe.
The Southern Gas Corridor project, which transports gas from the Shah Denis-2 block in Azerbaijan, to Turkey and Europe, is scheduled to start exporting gas to Turkey in June 2018 and to Europe in 2020
.
This follows the European Bank for Reconstruction and Development (EBRD), the World Bank and the Asian Infrastructure and Investment Bank (AIIB) have also confirmed financing support
for the construction of the TANAP pipeline.
The European Bank for International Business (EIB) recently announced that it has approved a €932 million ($1.
14 billion) financing loan for the Trans-Anatolian Gas Pipeline (TANAP), which is expected to come on stream
in June.
According to reports, the 1,850-kilometer-long production line is crucial
for the so-called Southern Gas Corridor.
With a total investment of $45 billion, the project connects Azerbaijan's gas fields to Europe
through a number of countries and a large amount of infrastructure.
The Southern Gas Corridor project is a major regional project, of which the TANAP gas pipeline is an important part of which it is important
to ensure long-term energy security in Georgia, Turkey and Europe.
The Southern Gas Corridor project, which transports gas from the Shah Denis-2 block in Azerbaijan, to Turkey and Europe, is scheduled to start exporting gas to Turkey in June 2018 and to Europe in 2020
.
This follows the European Bank for Reconstruction and Development (EBRD), the World Bank and the Asian Infrastructure and Investment Bank (AIIB) have also confirmed financing support
for the construction of the TANAP pipeline.
