Azerbaijan, Bulgaria consider project on compressed gas supply to Europe

Recently, Baku hosted a meeting of a joint working group on the project to transport the Azerbaijani gas to the European markets through Bulgaria, SOCAR reported.

Representatives of the project partners to develop the Shah Deniz gas condensate field in Azerbaijan sector of the Caspian Sea also attended the meeting.

The parties discussed economic profitability of the project on delivery of the Azerbaijani compressed gas to Bulgaria and other European countries via the Black Sea, as well as technical possibilities of the project.

Today, a terminal is being constructed on Georgia's Black Sea coast (SOCAR owns the Kulevi oil terminal) to process Azerbaijani gas.

Talks are underway to transport energy by ship to Romania or Bulgaria for onward dispatch to the domestic gas pipeline network in Europe.

The project is considered in two directions - LNG and CNG. The matter deals with 7-20bln cubic meters of gas.

The joint working group was established on the basis of the memorandum signed between SOCAR and Bulgartransgas in November 2009.

The next meeting of the working group will be held in Sofia in late April.


/Trend News/