With the Trans-Anatolian Natural Gas Pipeline Project (TANAP), Turkey and Azerbaijan are extending the success of their previous projects in the energy sector. Building the bonds of brotherhood in the modern world with the promise of "One nation, two states", and bonding the countries together with a mission of great importance, the huge TANAP Project will establish a voice in the world energy markets. Aimed to meet Europe's and Turkey's natural gas needs, as well offering diversity in gas products. Previous investments signed by the two brotherly countries in the energy field include the Baku-Tbilisi-Ceyhan Oil Pipeline and the Baku-Tbilisi-Erzurum Natural Gas Pipeline Project will accelerate strategic business units, while the TANAP project will continue to expand.
The TANAP Project:
On December 24, 2011, the Government of the Republic of Turkey and the Government of the Republic of Azerbaijan signed the 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 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 Host Government Agreement was amended and signed on May 26, 2014. The revised agreement was ratified by the Grand National Assembly of Turkey on September 10, 2014.
TANAP’s policy is to effectively ship Azerbaijani gas to Turkey and Europe through natural gas pipeline systems which use the best practices and exceed industry standards.
While conducting these activities, TANAP will achieve a number of sustainable development objectives: