Price Limit of Azerbaijani Gas for Turkey may be Liquidated

Azerbaijan, Baku, 23 April / corr. Trend S. Aliyev/ The period within which Azerbaijan was selling gas produced from Shah Deniz field to Turkey at $70-$120 for 1,000 cu. meters of gas expired on 15 April 2008.

The high-rank representative of State Oil Company of Azerbaijan (SOCAR) said on 23 April that talks are being held with Turkey to change the price of gas produced in Shah Deniz field.

" Turkey will now pay for the gas with new prices from 15 April onwards, after a decision will be adopted to change the price of gas for Turkey," SOCAR representative said.

According to SOCAR representative, price limit will not be introduced for Turkey as it expired on 15 April 2008.

Christian Hausken, the head of the Baku Office of the Norwegian StatoilHydro, said to Trend last month that the development of talks with Turkey on changes in price of the gas produced in Shah Deniz field is appreciated positively. StatoilHydro is the operator of Azerbaijan Gas Supply Company.

Some 21-22mln cu. meters of gas is produced from 4 operating wells in Shah Deniz. Some 13-14mln cu. meters of this volume is transported to Turkey per day, Azerbaijan obtains over 7mln cu. meters and Georgia - 1mln cu. meters of gas. The drilling of fifth well will be completed by mid- 2008.

The contract on development of off-shore Shah Deniz field was signed on 4 June 1996. Gas production in the field was launched in December 2006. Presently, gas is transported to Georgia and Turkey via the South-Caucasus gas pipeline. Azerbaijan has plans to export gas to Europe via Nabucco pipeline, which will be constructed by 2013. Azerbaijan also purchases this gas.

The gas production in this field began on 2006. The gas is transported to Georgia and Turkey via South Caucasus gas pipeline. Azerbaijan is also one of the purchasers of this gas.

The correspondent can be contacted at: capital

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