Caspian Report - Issue 06 - Winter 2014
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23<br />
CASPIAN REPORT, WINTER <strong>2014</strong><br />
in <strong>2014</strong> and be completed in 2018.<br />
There are plans to increase the capacity<br />
to 23 bcm by 2023 and to 31 bcm<br />
by 2026. Gas produced from other<br />
Azerbaijani offshore fields in addition<br />
to Shah Deniz could thus be accommodated.<br />
If a second parallel pipeline<br />
is built, capacity could be increased to<br />
60 bcm. TANAP could cost as much as<br />
$12 billion in its first phase of development.<br />
With regard to the transit of gas<br />
across Turkish territory, according to<br />
the intergovernmental agreement on<br />
TANAP, shareholders will pay the same<br />
transit fees on a non-discriminatory<br />
basis and will set transportation tariffs<br />
for other companies that may use the<br />
pipeline in the future.
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