“ TANAP is not only about Turkey's energy supply security but, at the same time, this project is a step towards a solution to EU's natural gas supply problems” The Turkish Minister of Energy and Natural Resources Taner Yildiz during the signing ceremony of a pipeline supply agreement for the Trans Anatolian Natural Gas Pipeline (TANAP), SIA reports quoting the AA.
"There are four stages of the Southern Gas Corridor that are estimated to cost around $45 billion." told Taner Yildiz.
“The first phase is the pipeline from production fields to the Georgian border. The second phase is the pipeline in Georgia. The third is the TANAP, passing through Turkey to the Greek border. The fourth is from Greece to Italy."
According to Eurostat, the EU's statistics agency, Russia is the EU's main supplier of natural gas.
The EU is continuing to seek ways of reducing its dependency on Russian gas.