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    Azer News: Turkey seeks to acquire shares in TAP

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Summary

Turkish Minister of Energy and Natural Resources Taner Yildiz said that the country intends to buy share in the Trans Adriatic Pipeline project potentially using state pipeline company Botas.

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Press Notes

Azer News: Turkey seeks to acquire shares in TAP

Turkish Minister of Energy and Natural Resources Taner Yildiz said that the country intends to buy share in the Trans Adriatic Pipeline project using state pipeline company Botas or other company.

"Earlier TAP Consortium proposed a 15-percent share in the project to Botas. Now we intend to consider the proposal again,' he said, Sabah newspaper reported.

He noted that Nabucco gas pipeline project did not lost its significance as well and Turkey still considers the issue of its implementation.

"Considering the growing demand for natural gas in European Union, Turkey is sure that the Nabucco project will also be implemented," Yildiz said.

He said that Nabucco and TAP projects are not competitors, on the contrary, they can exist in parallel complementing each other.  MORE