Bloomberg: Turkey, Azerbaijan Will Sign Pipeline Deal Soon, Socar Says

Turkey and Azerbaijan will “soon” agree on construction of a pipeline that will carry natural gas to Europe, potentially rivaling the European Union-backed Nabucco project, an Azeri energy official said.

An intergovernmental agreement on the trans-Anatolia pipeline, also known as TANAP, is expected during Turkish Prime Minister Recep Tayyip Erdogan’s planned visit to Baku, State Oil Co. of Azerbaijan President Rovnaq Abdullayev said in an interview on private ANS television today.  MORE