Ukraine shows interest for Azerbaijani gas

Ukraine is interested in Azerbaijan’s gas from Shah Deniz gas field, Ukrainian President Viktor Yanukovych was quoted by Ukrinform as saying at the concluding press conference on Friday.
"We are discussing the issue of possible involvement of Ukraine in the construction of the pipeline, which runs from Azerbaijan’s Shah Deniz gas field through Georgia and Turkey. And we are interested in this pipeline to reach our underground storage in western Ukraine, at the border with Europe," he said.

Yanukovych also said that Europe should be interested in transportation of gas through the pipeline "Urengoy-Uzhgorod-Pomary." According to Yanukovich, if Ukraine finds additional gas supply routes, the market model will be thrown into action.

Shah Deniz gas field is the largest natural gas field in Azerbaijan situated in the South Caspian Sea, off the coast of Azerbaijan, approximately 70 kilometres (43 mi) southeast of Baku, at a depth of 600 metres (2,000 ft).The field covers approximately 860 square kilometres (330 sq mi).

The Shah Deniz gas and condensate field was discovered in 1999. It is to bring gas into Europe without having to traverse countries like Russia or Iran, deemed to be politically unreliable by some.

The Shah Deniz field is operated by BP which has a share of 25.5%. Other partners include Statoil (25.5%), SOCAR (10%), Total S.A. (10%), LukAgip, a joint company of Eni and LUKoil (10%), NIOC (10%), and TPAO (9%).


/AzerTAc/