SOCAR able to provide 20 billion cubic meters of gas for export by 2017
Azerbaijan, Baku, June 3 / Trend, E.Ismayilov /
In 2017, Azerbaijan will have 20 billion cubic meters of gas envisaged for export, SOCAR's senior representative said.
"We will bale to give about 20 billion natural gas, but without gas in the first stage of the Shah Deniz field," the source said.
He said 16 billion of the total amount of free gas will fall to the second stage of the development of offshore gas-condensate field Shah Deniz in the Azerbaijani sector of the Caspian Sea. The remaining four billion cubic meters will come to the gas produced from other fields.
Stocks of the Shah Deniz field estimated at 1.2 trillion cubic meters of gas.
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.
According to the source, at present, the amount of the Azerbaijani gas supplies to Russia for next year is not yet determined. SOCAR has already submitted its proposals on this issue and is currently waiting for a response of the Russian side. SOCAR plans to supply to Russia five million cubic meters of gas next year compared to three million cubic meters this year every day.
Azerbaijan started gas supplies to Russia Jan. 1, 2010.
A medium-term contract on the purchase and sale of Azerbaijani gas to Russia (with the possibility of extension) was signed between SOCAR and Gazprom in Baku Oct. 14. It covers 2010-2014. Under the contract, the Azerbaijani side will annually supply gas amounting to no less than 500 million cubic meters to Russia. The contract did not specify a limit to the gas supply volume. SOCAR will notify the opposite side of the amount which the company can deliver for the next six months.
Earlier, Gazprom and SOCAR agreed that in 2009 Russia would acquire 1 billion cubic meters of the Azerbaijani gas instead of 500 million and in 2011 the volume of supply would be doubled and reach about 2 billion cubic meters.
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