EBRD to consider financing of TANAP and TAP projects – Region, 21 September 2016

Managing Director for Energy at the European Bank for Reconstruction and Development (EBRD), Riccardo Puliti said that a meeting will be held on 26 October regarding the 1.5 billion dollars loan the bank plans to invest in Trans-Anatolian Pipeline (TANAP) and Trans-Adriatic Pipeline (TAP) projects.
Puliti explained that the EBRD supported the Southern Gas Corridor from the beginning and provided loans to improve the Shah-Deniz II gas field and the South Caucasus gas pipeline, adding that the bank is currently in the evaluation stage for financing of the TANAP and TAP projects. However, the final decision has not been made yet, nor it is known how the amount of 1.5 billion dollars will be divided among the two projects.

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