Azerbaijan, Baku, May 29 / Trend /
Milan-based utility Edison may have to cancel a planned pipeline between Italy and Greece if it can't secure natural-gas supplies from the Shah Deniz field in Azerbaijan, Bloomberg said.
Supply talks have been stalled by Turkey, which wants to be a gas trader rather than a transit state, Edison Development Manager Mario Cumbat said today at a conference in Paris. Shipments must be agreed on by the end of the year or Edison may be forced to buy gas from Russia's OAO Gazprom, he said.
We need badly this gas," Cumbat said. "If we can't solve the problem before 2010 we will have to find another solution.
The carrying capacity of the pipe is about 8 billion cubic metres of gas per year. The agreement on the joining of Italy, Greece and Turkey in 2012 was signed between the countries in 2007.
Edison can't buy gas from Iran, which has insufficient supply in the north to send to Italy, Cumbat said.