Azerbaijani Minister: Azerbaijan can start natural gas supplies to Bulgaria from first stage of Shah Deniz
Azerbaijan, Baku, June 2 / Trend, E.Ismayilov /
Azerbaijan can start gas supplies to Bulgaria from the first stage of a large gas condensate field Shah Deniz in the Azerbaijani sector of the Caspian Sea, the Azerbaijani Industry and Energy Minister Natik Aliyev said.
Earlier, Azerbaijan and Bulgaria signed a memorandum on supply of one billion cubic meters of gas.
Gas supplies can be implemented by increasing production in the first stage of the Shah Deniz field, via the connecting pipeline between Greece and Bulgaria.
According to SOCAR, additional amount of gas from the Shah Deniz field will be obtained by increasing the annual peak production (supposed to be at 8.6 billion cubic meters) in 1,3-1,4 billion cubic meters. The amount at of 8.6 billion cubic meters have already contracted, Turkey will get about 6.6 billion cubic meters of gas, the rest - Azerbaijan and Georgia.
According to the forecasts, in 2010 total amount of production from the Shah Deniz field will comprise 7.6 billion cubic meters.
The contract to develop the offshore field "Shah Deniz" (total reserves of 1.2 trillion cubic meters of gas) was signed June 4, 1996. Members of the agreement are: BP (operator) - 25,5 percent, Statoil - 25,5 percent, NICO - 10 percent, Total - 10 percent, Lukoil - 10 percent, TPAO-9 percent, SOCAR - 10 percent. Now gas is transported to Georgia and Turkey via South Caucasus gas pipeline, as well as purchased by Azerbaijan.
At present, gas is transported to Georgia and Turkey via the Southern Caucasus gas pipeline, and is purchased by Azerbaijan.