(MENAFN) Turkey's Trans-Anatolian Pipeline (TANAP) has inked a deal with the Nabucco consortium, which is building a pipeline to bring Azeri gas to Europe, Reuters reported.
The Nabucco consortium said that both sides had agreed to exchange technical and other strategic information to support the development of their projects, which will connect the Turkish-Bulgarian border if the Nabucco project is chosen.
TANAP will bring the gas from Azerbaijan to the European side of Turkey, which will then connect to either Nabucco or TAP.
Nabucco is competing with the Trans-Adriatic pipeline (TAP) to carry natural gas from Azerbaijan's Shah Deniz II gas field to half a billion potential consumers in Europe, reducing Europe's dependence on Russian gas.
TAP's members are Switzerland's AXPO Holding, Statoil and Germany's E.ON Ruhrgas.
It is worth noting that the chosen project will bring billions of dollars of investment to the countries through which the pipeline will travel, including Bulgaria, Romania, Hungary and Austria in case the Nabucco West project is chosen, and Greece, Albania and Italy if TAP is chosen.
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