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Situation In Syria May Hamper Azerbaijani Gas Supplies

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  • Situation In Syria May Hamper Azerbaijani Gas Supplies

    SITUATION IN SYRIA MAY HAMPER AZERBAIJANI GAS SUPPLIES

    PanARMENIAN.Net
    September 29, 2011 - 21:58 AMT

    PanARMENIAN.Net - The unstable situation in Syria may hamper
    Azerbaijani gas supplies to this country via the Pan-Arab gas pipeline,
    Turkish Energy Minister Taner Yildiz told reporters on Thursday.

    The construction of the Syrian section of the gas pipeline between
    the Syrian city of Aleppo and the Turkish city of Kilis, through
    which Azerbaijani gas will be exported to Syria, will be completed in
    February, Syria's Deputy Oil Minister Hassan Zainab told Trend. The
    total length of pipeline between Aleppo and Kilis is about 65
    kilometers.

    The parties agreed to supply 1 billion cubic meters of gas during
    Syrian President Bashar al Assad's visit to Azerbaijan in July 2009.

    According to Yildiz, as regards to the agreement on deliveries of
    Russian gas to Turkey, it can be prolonged if Russia reduces gas
    prices. Turkey will not experience gas deficit if parties can not
    agree on prolonging the agreement, and the economy will not suffer
    from this, he said.

    According to the inter-governmental agreement between Russia and
    Turkey, signed in 1986, the gas flowing to Turkey through the Blue
    Stream pipeline is not taxed. Today, Russia is considering the
    abolition of these privileges. The country's Ministry of Finance
    proposed a lower rate of minerals extraction tax for the Gazprom
    Company for 2012-2014 under the condition of the cancellation of
    privileges for the Blue Stream.

    Blue Stream pipeline project envisages deliveries of Russian gas to
    Turkey via the Black Sea, bypassing third countries. The capacity of
    the pipeline is 16 billion cubic meters of gas per year.

    In 2010, Gazprom supplied 8.07 billion cubic meters of gas to Turkey
    via the Blue Stream. The gas supplies to Turkey via this pipeline
    are expected to total 13 billion cubic meters this year.

    According to Yildiz, in the matter of purchase of Turkmen gas,
    a great initiative should be made by the private sector of Turkey.

    "In the future, all contracts with Turkmenistan and Russia should
    be implemented by the private sector," Turkish Weekly quoted Yildiz
    as saying.

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