New agreement with Turkey enables Azerbaijan to export not only Shah Deniz gas

The Turkey-Azerbaijan new transit agreement will allow Azerbaijan to export gas not only from the Shah Deniz gas-condensate field, but also from other fields, Investment and Marketing Vice-President at the State Oil Company of the Azerbaijan Republic (SOCAR) Elshad Nasirov said at a conference " Place and Role of the State Oil Fund in Azerbaijan's national oil strategy "in Baku on Wednesday.

"It will be possible to deliver about 10 billion cubic meters of the Azerbaijani gas to Europe with the use of existing gas infrastructure in Turkey," Nasirov said.

He said three options are being considered to ensure the Azerbaijani gas transportation from the eastern borders of Turkey to the West. The options are the modernization and expansion of existing infrastructure in Turkey, construction of the Nabucco pipeline and laying of a new pipeline in Turkey.

"A new consortium will be established to consider the issue of new pipeline," he said. Today, Azerbaijan has become a net gas exporter and several options are being considered to export increasing volumes of gas in the country, he said.


/Trend/