APPROVAL DATE: December 21, 2016 SECTOR: Energy (Oil & Gas) COUNTRY: AZERBAIJAN
Azerbaijan: Trans Anatolian Natural Gas Pipeline Project (TANAP) to be co-financed with the World Bank (WB)
As a part of the Southern Gas Corridor Program (the Program), the Trans-Anatolian Natural Gas Pipeline (TANAP) Project (the Project) will transport natural gas extracted from the Shah Deniz 2 field located in the Caspian Sea in Azerbaijan across Turkey and then to Europe. Turkey is the host country of the Project.
Due to the Program’s strategic significance, AIIB with the World Bank Group, are supporting the Program with other international financial institutions (IFIs) including the Asian Development Bank (ADB),the European Bank for Reconstruction and Development (EBRD), and the European Investment Bank (EIB)