Bulgaria intends to start purchasing Azerbaijani gas from 2016
Baku, Azerbaijan, Sept.18
By Emil Ismayilov - Trend:
Discussions on starting the supply of Azerbaijani gas to Bulgaria from 2016 will be held during the visit of Bulgarian President Rosen Plevneliev to Azerbaijan on Sept.20, Bulgarian media outlets reported on Sept.18.
It is planned to export some 200-300 million cubic meters of gas from Azerbaijan to this country per year.
On December 17, 2013, a final investment decision was made on Stage 2 of the Shah Deniz offshore gas and condensate field's development.
The gas to be produced as part of Stage 2 of the field's development will be exported to Turkey and to the European markets by means of expanding the South Caucasus Pipeline and construction of the Trans-Anatolian Gas Pipeline (TANAP) and the Trans-Adriatic Pipeline (TAP).
The consortium for the development of the Shah Deniz gas condensate field in the Azerbaijani sector of the Caspian Sea, signed long term contracts (25 years) in September 2013 with nine European companies on gas supply.
The contracts for the purchase of gas from the second phase of development of the Shah Deniz field were signed in Baku with the following companies: Shell, Bulgar Gas, DEPA, Gas Natural Fenosa, EON, Gaz de France, Hera, Enel and Axpo.
The first gas will be delivered to Turkey in 2018 and to Europe in 2019.
Partners operating for Shah Deniz field's development, which has reserves of 1.2 trillion cubic meters of gas, include SOCAR with a share of 16.7 percent, British BP (28.8 percent), Norwegian Statoil (15.5 percent), Iranian NICO (10 percent), French Total (10 percent), Russian Lukoil (10 percent) and Turkish TPAO (9 percent).
Edited by CN