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AZERBAIJAN MAY COMPLETE TURKEY GAS TALKS SOON
Tert.am
22:37 20.09.11
Azerbaijan said it may complete gas transit talks with Turkey to ship
exports from its Shah Deniz field to Europe by September 26 and sign
a final deal in October, the Reuters reported.
"We expect to complete talks with Turkey before September 26 ...
Turkey will be a customer of some amount of gas as well as a transit
territory to ship gas to Western Europe," Vagif Aliyev, the head of
Azeri state energy firm SOCAR's investment department, told reporters.
Azerbaijan is negotiating to sell Ankara 6 billion cubic metres (bcm)
of gas per year from the second phase of the giant Shah Deniz field
and to ship 10 bcm to European customers via Turkey.
Talks were resumed with the visit of Turkish Prime Minister Tayyip
Erdogan to Baku at the end of July, after breaking off during
parliamentary elections in Turkey.
The move is seen a potential boost to the European Union's Nabucco
pipeline plans. The EU-backed Nabucco is one of three pipeline projects
bidding for Azerbaijan to supply 10 bcm of gas per year to be pumped
directly to Europe, bypassing Russia.
SOCAR's president said on Tuesday the final deal might be signed during
Azeri President Ilham Aliyev's official visit to Turkey in October.
"It's not ruled out that signing of this package will take place in
Turkey in October," Rovnag Abdullayev told reporters.
The 27-member bloc announced last week that it had agreed to negotiate
a treaty with Azerbaijan and Turkmenistan to bring natural gas from
the world's fourth-largest reserves across the Caspian Sea to Europe.
But the European pipeline faces competition for Azeri gas from the
Interconnector Turkey-Greece-Italy (ITGI) and the Trans Adriatic
Pipeline (TAP).
All three consortiums had already submitted their final commercial
proposals to SOCAR.
The Shah Deniz field is being developed by BP and Statoil as well
as SOCAR and several others. It is estimated to contain 1.2 trillion
cubic metres of gas.
Tert.am
22:37 20.09.11
Azerbaijan said it may complete gas transit talks with Turkey to ship
exports from its Shah Deniz field to Europe by September 26 and sign
a final deal in October, the Reuters reported.
"We expect to complete talks with Turkey before September 26 ...
Turkey will be a customer of some amount of gas as well as a transit
territory to ship gas to Western Europe," Vagif Aliyev, the head of
Azeri state energy firm SOCAR's investment department, told reporters.
Azerbaijan is negotiating to sell Ankara 6 billion cubic metres (bcm)
of gas per year from the second phase of the giant Shah Deniz field
and to ship 10 bcm to European customers via Turkey.
Talks were resumed with the visit of Turkish Prime Minister Tayyip
Erdogan to Baku at the end of July, after breaking off during
parliamentary elections in Turkey.
The move is seen a potential boost to the European Union's Nabucco
pipeline plans. The EU-backed Nabucco is one of three pipeline projects
bidding for Azerbaijan to supply 10 bcm of gas per year to be pumped
directly to Europe, bypassing Russia.
SOCAR's president said on Tuesday the final deal might be signed during
Azeri President Ilham Aliyev's official visit to Turkey in October.
"It's not ruled out that signing of this package will take place in
Turkey in October," Rovnag Abdullayev told reporters.
The 27-member bloc announced last week that it had agreed to negotiate
a treaty with Azerbaijan and Turkmenistan to bring natural gas from
the world's fourth-largest reserves across the Caspian Sea to Europe.
But the European pipeline faces competition for Azeri gas from the
Interconnector Turkey-Greece-Italy (ITGI) and the Trans Adriatic
Pipeline (TAP).
All three consortiums had already submitted their final commercial
proposals to SOCAR.
The Shah Deniz field is being developed by BP and Statoil as well
as SOCAR and several others. It is estimated to contain 1.2 trillion
cubic metres of gas.