Turkey, Azeris to Form Gas Link Venture Next Year, Anatolia Says
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State Oil Co. of Azerbaijan, or Socar, and Istanbul-based Boru Hatlari Ile Petrol Tasima AS plan to form a venture to build a gas pipeline across Turkey by the middle of next year, the state-owned Anatolia News Agency said, citing an Azeri energy official.
The Trans-Anatolian gas pipeline, which may cost $6 billion to $7 billion and have a capacity of 21 billion cubic meters a year, is planned to be completed by 2017 when the second phase of the BP Plc-operated Shah Deniz project starts producing natural gas, Anatolia said, citing an interview Socar Vice President Vaqif Aliyev.