Azerbaijan: EBRD Gives Go Ahead for Azeri Pipeline Funding Despite “Laundromat” Allegations

Construction crew works on the first phase of TANAP. Completion of the phase and delivery of first gas to Turkey is expected in mid 2018, with completion of the second phase and delivery of gas for transit to Europe slated for 2020. (Photo: TANAP)

The European Bank of Reconstruction and Development’s board on October 18 approved $500 million in funding for the Azerbaijan-led TANAP pipeline, which will facilitate the delivery of Caspian Basin natural gas to Western Europe.

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Azerbaijan: EBRD Gives Go Ahead for Azeri Pipeline Funding Despite “Laundromat” Allegations

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