€3,535,000 Financial Support from the European Union for TANAP

The EU Member States agreed on the European Commission proposal to invest into several key European energy infrastructure projects using funds from CEF Energy (Connecting Europe Facility) during the first 2016 Call.
 

This decision also grants financial assistance to TANAP in the amount of €3,535,000 to undertake “Design of Commercial Operations and Asset Integrity Management Systems”. Taking into account the latest amount, the total volume of funds allocated by the European Commission for the project’s implementation will be €10.3 million. This is the fourth grant allocated by the European Commission for TANAP.