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  • EU grants financial assistance to TANAP
    édité le 01/08/2018 - Plus de news de "Socar" - Voir la fiche entreprise de "Socar"


EU grants financial assistance to TANAP
The EU Member States agreed on European Commission proposal to invest €48.4 million in several key European energy infrastructure projects using funds coming from CEF Energy (Connecting Europe Facility) during first 2018 Call.

This decision also grants financial assistance to TANAP in the amount of €5.044.394 to undertake “Cathodic protection verification and re-modification studies for As-Built design”.

TANAP Natural Gas Pipeline Project is one of 2 natural gas projects which is selected for financial assistance under the first CEF Energy Call for Proposals 2018.

In November 2017 the Commission published its third list of PCIs, which contains 173 projects (of which 53 is natural gas projects). PCIs have access to a total of €5.35 billion in funding from CEF Energy, the EU's €30 billion fund for boosting energy, transport, and digital infrastructure between 2014 and 2020.

Since 2014 up to date the total amount of grants received for TANAP project exceeded €15 million for various activities. Altogether around 30 mln Euro has been received up to date from CEF fund for various work scopes within TANAP and TAP projects.

About TANAP

Trans-Anatolian Natural Gas Pipeline - TANAP Project is one of the prime examples of the successful collaborative projects undertaken by Turkey and Azerbaijan in the field of energy. Augmenting and sustaining their historical bonds of brotherhood with the modern ideal of “Two States One Nation”, both Turkey and Azerbaijan place a great deal of importance in the TANAP Project, which will have repercussions throughout the global energy market. The two brotherly countries, which undertake various giant joint investments, have a long-standing strategic collaboration in the field of energy that has gained momentum with the projects of Baku-Tbilisi-Ceyhan Oil Pipeline and Baku-Tbilisi-Erzurum Natural Gas Pipeline. This collaboration will become more extensive with the TANAP Project, which aims to meet the natural gas demands of Turkey and Europe as well as to ensure gas supply diversity in the region.

About Socar

SOCAR is an integrated state oil & gas company of Republic of Azerbaijan and is involved in upstream, midstream and downstream operations encompassing exploration of oil and gas fields, production, processing and transporting oil, gas and condensate, marketing of petroleum and petrochemical products in domestic and international markets and supplying natural gas to domestic and industrial customers in Azerbaijan. SOCAR has its trading companies in Switzerland, Singapore and UAE and representative offices in a number of other countries.


Origine : Communiqué Socar

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