Azerbaijan Sees no Problems in Talks on Gas Transit Agreement with Turkey
Azerbaijan, Baku, 30 October/ Trend , corr E. Ismayilov/ Azerbaijan does not see any problems in the talks on gas transit agreement with Turkey for export of a gas to the European countries, senior SOCAR official told Trend .
"There are no problems. The talks are going on. We have not achieved agreement yet. Each side has its interests and positions of the sides are being coordinated," SOCAR senior office said.
Azerbaijan needs transit agreement with Turkey to export gas to Greece and Italy who have already expressed their wish to buy a fuel.
Azerbaijan will export gas to Europe from Shah Deniz field in the second stage of its development that will begin after 2012. In this stage, gas production in the field will reach 20bln cu m a year.
The contract on development of off-shore Shah Deniz field was signed on 4 June 1996. The sides to the contract are ВР (operator - 25.5%), Statoil (25.5%), SOCAR (10%), LukAgip (10%), NICO (10%), Total (10%), and TPAO (9%).
The gas production on this field began in December 2006. At present gas is transported to Georgia and Turkey via South Caucasus Pipeline. Azerbaijan is also a buyer of gas.
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