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MENAFN - Trend News Agency - 19/04/2017
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(MENAFN - Trend News Agency ) Baku, Azerbaijan, Apr. 19

By Leman Zeynalova – Trend:

The Governorate of Erzurum Province (Turkey) has held an information meeting within TANAP Social and Environmental Investment Programs, reports Haberturk.

Earlier, it was reported that several projects in #Turkey will receive grants as part of TANAP project.

The grants will be allocated within the TANAP Social and Environmental Investment Programs for various spheres as development of local handicrafts, fruit and vegetable juice production, processing, packaging and marketing of local products and others.

During the meeting, there was provided information about the content of grants to be allocated as part of the program, rules, forms of application and so on.

Moreover, it was noted that consulting companies have worked out projects for grant support in the territories through which TANAP will run and have established contacts with local population.

It was pointed out that the TANAP Social and Environmental Investment Programs are not related to any local company.

TANAP Social and Environmenta Investment Programs (SEIP) is a program that supports investment and development projects implemented along TANAP route. The main objective of Social and Environmental Investment Programs launched out in 2015 is to develop a coherent ecosystem along the pipeline and to contribute in maintaining the economic and social development and preservation of natural resources.

TANAP project envisages transportation of gas from Azerbaijan's Shah Deniz field to the western borders of Turkey. The length of TANAP is 1,800 kilometers with the initial capacity of 16 billion cubic meters. Around six billion cubic meters of the gas will be delivered to #Turkey and the remaining volume will be supplied to Europe.

The gas will be delivered to #Turkey in 2018 and after completion of the Trans-Adriatic Pipeline's construction the gas will be delivered to Europe in early 2020.

TANAP shareholders are Azerbaijan's state oil company SOCAR (58 percent), BOTAS (30 percent) and BP (12 percent).


Follow the author on Twitter: @Lyaman_Zeyn



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