Deputy Head of SOCAR В. Bailarbayev announced that the Southern Gas Corridor construction project worth $40 billion is coming to the finish line. Gas corridor, costing $40 billion.
The project includes The project includes construction of three 4,000km-long pipelines: the South Caucasus Pipeline (SCP) connecting Azerbaijan and Georgia. Azerbaijan and Georgia, the Trans-Anatolian Pipeline (TANAP) through Turkey and the Trans Adriatic Pipeline (TAP) Trans-Adriatic Pipeline (TAP) which connects the countries of Europe with the offshore section. According to V. Bailarbayev said the work on shoreline development in Georgia and Azerbaijan have been completed. The TANAP pipeline has also been officially commissioned. According to the assessment head, the TAP is about 91% completed.
In 2018 SOCAR In 2018, SOCAR supplied 2 billion cubic meters of gas to Turkey, in 2019 - 4 billion cubic meters, and this year 6 bn cu.m. is planned this year. After the commissioning of TAP, which After TAP is commissioned, which is expected by 2020, the Azerbaijani company is ready to send 2 billion cubic meters of gas to Greece. billion cubic meters of gas to Greece and Bulgaria. The technical capacity of the South Caucasus Gas pipeline and TANAP is up to 31 billion cubic meters.
Turkmenistan is capable of providing European countries with up to 30 billion cubic meters of gas per year. At the moment, the necessary studies are being carried out to launch a gas pipeline along the Caspian Sea bed - about 300 km to Azerbaijan.