EIB and EBRD fund gas infrastructure plans in Turkey, Italy and Kazakhstan

摘要

The European Investment Bank (EIB) has drafted plans to lend ?lbn to TANAP Dogalgaz lletim, the Azeri-Turkish consortium developing the Trans-Anatolian Pipeline (TAP) from the Shakh Deniz project in Azerbaijan (pictured) to European and Turkish markets, reports Keith Nuthall. The loan, which still needs approval from the EIB board of directors, will help ensure the TAP project proceeds. TAP 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 borders with Georgia and Greece. Its environmental permit has been issued and construction started.