Trend: Turkey is key country for Caspian gas transportation to European markets, SOCAR says

Trans-Anatolian gas pipeline (TANAP), which will facilitate the transportation of Azerbaijani gas to Europe, has gained great importance, president of SOCAR Turkey Enerji (SOCAR's Turkish office) Kenan Yavuz said, Turkish newspaper Star reported on June 24.

"Turkey is a key country for the gas transportation from the Caspian Sea to the European markets," he added.

Azerbaijani Energy Minister Natig Aliyev and his Turkish counterpart Taner Yildiz signed an agreement to increase Turkey's share in TANAP project to 30 percent in Istanbul on May 30.

Azerbaijan's State Oil Company (SOCAR) sold 10 percent out of its 80 percent share to the Turkish state-owned BOTAS pipeline company. Following the completion of deals with BP and BOTAS, the shares of SOCAR in TANAP will stand at 58 percent.
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