Azerbaijan to Cover more than 13% of Turkey’s Gas Demand by 2020

Oil&Gas Materials 3 April 2008 20:15 (UTC +04:00)

Azerbaijan, Baku, 3 April /corr. Trend V.Sharifov / In 2009, Azerbaijan may cover 16.5% of the gas demand in Turkey against 13.9% in 2008, mentioned by the statement of the Turkish State Oil Company Botas, placed on company's official web-site. In 2009, Turkey plans to purchase 6.6bln cu.m of gas from Azerbaijani Shah Deniz field against 5bln cu.m in 2008. In 2009, the gas consumption in Turkey will increase by 3.814bln cu.m up to 39.78bln cu.m.

Botas forecasts that in 2010 maintaining the gas purchase from Shah Deniz field in volume of 6.6bln cu.m, 15% of the gas demand will be covered by Azerbaijan. The 1.5% decrease in Azerbaijani gas supplies to Turkey in 2010 as compared to 2009 results from the increase of gas consumption in the country up to 43.8bln cu.m per year.

According to the forecasts of Botas, in 2015 the gas consumption in Turkey will make up 56.183bln cu.m of gas, and 11.7% of the demand will be covered by Shah Deniz field. In 2020, Turkey will consume 65.867bln cu.m of gas and 10% of the demand will be born by Shah Deniz.

Thus, for the next 13 years (2008-2020) Azerbaijan will averagely cover 13.37% of the gas demand in Turkey. The contract on the gas sale-purchase between Botas and partners on Shah Deniz project was signed in 2001. The gas to Turkey is being supplied via South Caucasus Pipeline.

The contract on development of off-shore Shah Deniz field was signed on 4 June 1996. The parties to the contract are ВР (operator - 25.5%), Statoil (25.5%), SOCAR (10%), LukAgip (10%), NICO (10%), Total (10%) and TPAO (9%).

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