Daily Sabah: Turkey is the partner of TANAP, not the south stream

Energy Minister Taner Yıldız said that many questions have been directed to the ministry regarding Turkey's involvement in the South Stream Project. The minister emphasized that Turkey was not a party to the South Stream Project but to the Trans Anatolian Natural Gas Pipeline Project (TANAP), and discussed Turkey's involvement in TANAP at the introductory meeting of the "World Energy Outlook 2014" conference organized by the Turkish Industrialists and Businessmen's Association (TÜSİAD) and Sabancı University's Istanbul International Center for Energy and Climate (IICEC).

Together with Azerbaijan, Turkey is one of the most important countries involved in TANAP and its share in Şahdeniz has been increased to 19 percent, becoming the second largest investor following British Petroleum. Furthermore, Turkey's shares in TANAP previously increased to around 30 percent from 20 percent, and it even holds more shares in the project's Azerbaijan phase than Azerbaijan. MORE