Azerbaijan will directly supply gas to Greece

Azerbaijan, Turkey and Greece agreed to sign a new agreement. It will allow transporting  Azerbaijani gas to Greece without the mediation of Turkey, Azerbaijani Minister of Industry and Energy Natig Aliyev said following the signing of the protocol at the third meeting of the Azerbaijani-Greek intergovernmental commission on economic cooperation.

He said that presently, Azerbaijani gas is supplied to Greece to the amount of 700 million cubic meters of gas a year on the basis of the contract between the Turkish and Greek sides. However, a decision was made to re-conclude the contract directly between Azerbaijan and Greece.

The new contract will cover the already determined amount of 700 million cubic meters of gas a year. The issue of increasing the volume of supplies may be considered in the future, depending on the results.

Today, Azerbaijani gas is supplied to Turkey via the Baku-Tbilisi-Erzurum pipeline (the South Caucasus gas pipeline) from the Shah Deniz field (its reserves hit 1.2 trillion cubic meters). According to the contract, Turkey will receive 6.6 billion cubic meters of gas annually at the peak of the first stage of the Shah Deniz field.


/Trend/