Fifty-five percent of The Trans-Anatolian Pipeline (TANAP) will have been constructed by the end of the year, Turkey's Energy Minister Berat Albayrak

Daily Sabah quotes him as saying that Turkey is successfully moving toward the creation of an energy hub and successfully pursuing a policy of energy diversification.

 "We aim to establish a natural gas trading center in Turkey. In line with this aim, projects like TANAP and the TurkStream [natural gas pipelines] will contribute to this objective. We have also accelerated work toward launching the Liquefied Natural Gas (LNG) storage and Floating Storage Regasification (FSRU) units that will be established in Turkey for the first time," he has said.

TurkStream, also known as Turkish Stream, is a gas pipeline project which was announced as a substitute to the ditched South Stream, which would have supplied Europe with Russian gas via Bulgaria, Serbia and Hungary.

TANAP's initial projected capacity will be 16 billion cubic meters of natural gas a year. Nearly 6 billion of it will fulfill the needs of Turkey's domestic energy market, while the rest will supply Europe.

The latter task also depends on the construction of the Trans-Adriatic Pipeline and the Ionian-Adriatic Pipeline in Southeast Europe.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!