EIB AND EBRD BOOST GAS INFRASTRUCTURE IN TURKEY, ITALY AND KAZAKHSTAN
April 1st, 2016
THE EUROPEAN Investment Bank (EIB) has drafted plans to led EUR1 billion to TANAP Dogalgaz Iletim, the Azeri-Turkish consortium developing the Trans-Anatolian Pipeline (TAP) from the Shah Deniz production field in Azerbaijan to European and Turkish markets. The loan, which still needs approval from the EIB board of directors, will help ensure the TAP project proceeds. It will “play a key role in diversifying the supply of natural gas to European markets and to meet natural gas demand in Turkey,” said an EIB note. The pipeline will stretch between Turkey’s ...
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