Energy news from Turkey...
- 'MOMERANDUM OF UNDERSTANDİNG BETWEEN THE MINISTRY OF ENERGY NATURAL RESOURCES OF THE REBUPLIC OF TURKEY AND THE MINISTRY OF ENERGY OF THE RESOURCES OF AZERBAIJAN FOR NATURAL GAS DELİVERY'
Energy news from Turkey...
- 'MOMERANDUM OF UNDERSTANDİNG BETWEEN THE MINISTRY OF ENERGY NATURAL RESOURCES OF THE REBUPLIC OF TURKEY AND THE MINISTRY OF ENERGY OF THE RESOURCES OF AZERBAIJAN FOR NATURAL GAS DELİVERY'
Link:
https://www.resmigazete.gov.tr/eskiler/2022/01/20220111-2.pdf
Trans-Anatolian Natural Gas Pipeline Project (TANAP)
With the Trans-Anatolian Natural Gas Pipeline Project (TANAP), Turkey and Azerbaijan are building upon the success of their previous projects in the energy sector. Building the bonds of brotherhood in the modern world under the banner "One nation, two states", and bonding the countries together with a mission of great importance, the huge TANAP Project will bring a new voice to the global energy markets. Aiming to meet Europe's and Turkey's natural gas needs and to bring diversity to the supply of gas products, the two brotherly countries are adding to their previous projects in the energy field, including the Baku-Tbilisi-Ceyhan Oil Pipeline and the Baku-Tbilisi-Erzurum Natural Gas Pipeline. Furthermore, by accelerating the activities of strategic business units, they will ensure the TANAP project will continue to expand.
The TANAP Project:
Will secure the delivery of natural gas to European markets;
Will meet the growing demand for natural gas in Turkey, and contribute to the socio-economic development of the country
On December 24, 2011, the Government of the Republic of Turkey and the Government of the Republic of Azerbaijan signed the a Memorandum of Understanding between the State Oil Company of Azerbaijan Republic (SOCAR) within the framework of the TANAP Natural Gas Transmission Company . The TANAP Project was established thus initiated, with authorization given for and the design, construction and subsequent operation of the project was authorized.
The “Intergovernmental Agreement concerning the Trans-Anatolian Natural Gas Pipeline System between the Government of the Republic of Turkey and the Government of the Republic of Azerbaijan” and the “Host Government Agreement” which constitute the legal basis of the project, were signed in Istanbul on June 26, 2012.
The An amendment to the Host Government Agreement was amended and signed on May 26, 2014, and. The the revised agreement was duly ratified by the Grand National Assembly of Turkey on September 10, 2014.
The primary goal of the TANAP Project is to ship Azerbaijani gas to Turkey and Europe via a natural gas pipeline system that makes use of best practices and exceeds industry standards.
While conducting its activities to this end, TANAP will strive to achieve a number of sustainable development objectives:
Compliance with all national laws and regulations;
Compliance with applicable international standards;
Adoption of best practices within the natural gas sector; and
Full compliance with all national Health & Safety requirements and environmental regulations.
(TANAP)
Energy Economy