Turkey -- which already imports some gas from Iran — may ultimately take some gas from the line, but its principal purpose is to deliver Iranian gas to Europe

 

A Turkish firm plans to push ahead with the development of a 35bn cm/yr pipeline intended to bring Iranian gas to Europe — despite the imposition of international sanctions on Iran, Argus Media reported as quoted by energia.gr.

 

Turkish firm Turang Transit will issue tenders in November-December this year for the construction of the Turkish section of the link, running from Agri on the Iranian border to Ipsala on the Greek border. Work is expected to begin next year for a 2016 start-up.

 

The pipeline is intended to ship gas from Iran's South Pars field — which it shares with Qatar — via Turkey and Greece to Austria. Turkey — which already imports some gas from Iran — may ultimately take some gas from the line, but its principal purpose is to deliver Iranian gas to Europe.

 

While financing is at an early stage, preliminary talks have begun with some Turkish banking consortiums and international lenders to fund the country's section of the pipeline, which should cost around EUR 5.5bn. The entire project is expected to cost EUR 12bn.
 

(Source: publics.bg)