"The SGC project has been financially supported by the leading international financial institutions, and Phase-0 under TANAP project, which relates to the works required for the first commercial gas deliveries to Turkey, has already been completed. First commercial gas deliveries to Turkey has commenced today, on 30 June 2018. The works planned for the delivery of natural gas to Europe through Turkey in the near future are being carried out according to the schedule," Isayev was quoted as saying in the statement.
According to the statement, the Multilateral Investment Guarantee Agency (MIGA, part of World Bank group) has approved the loan for the Azerbaijan Republic totaling $750 million to finance the TANAP project.
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It will transport gas from the Azerbaijani Shah Deniz Stage 2 gas field to Turkey and Europe.
The target capacity of the TANAP pipeline is 31 billion cubic meters of gas per year. The pipeline is 1,150 miles long.
