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Turkey, Azerbaijan sign major pipeline deal

Written By THA on Tuesday, 26 June 2012 | 17:22

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Turkey signed today a deal with Azerbaijan on building the $7 billion Trans-Anatolian natural gas pipeline (TANAP) to carry Azeri gas to European markets.

"Today we have taken a historic step," said Prime Minister Recep Tayyip Erdoğan in his speech at the signing ceremony.

"We firmly support the southern natural gas corridor projects that envisage to transfer Caspian basin and the central Asia natural gas to Europe via alternative routes as to provide our own energy supply security and as to contribute to the energy supply security of Europe."

Realizing southern natural gas corridor is also important for Azerbaijan to carry its natural gas reserves to Europe in a safe way, Erdoğan noted. (ISTANBUL - Hürriyet Daily News)
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