Studies end on Azerbaijani compressed gas supplies via Black Sea
Azerbaijan, Baku, June 4 / Trend E.Ismayilov /
Studies concerning the feasibility of supplying compressed Azerbaijani gas to Bulgaria through the Black Sea will end by late June, a senior representative of the State Oil Company of the Azerbaijan Republic (SOCAR) said.
"We have held very serious studies together with the Bulgarians and these studies will end by June 30. This is the date we have set for ourselves," the source said.
As part of the activities, the sides studied various options for transporting gas volumes, ranging from 2.5 billion cubic meters as a lower limit to 10 billion cubic meters as an upper limit.
The project is possible from a technological point of view. Certain technologies are needed in order to realize the project, such as gas carriers, the source said.
The construction of gas carriers requires significant investments and a significantly increased number of transportation vessels. Creating infrastructure for gas storage and deliveries to the Black Sea coast of Georgia is also an important issue, the source said.
Earlier, Azerbaijan and Bulgaria signed a memorandum on supplying 1 billion cubic meters of gas.
"A working group composed of two companies - Bulgargas and SOCAR - is working to prepare a feasibility study," Azerbaijani Industry and Energy Minister Natig Aliyev said earlier. The group was established on the basis of a memorandum signed November between SOCAR and Bulgartransgas.
The Shah Deniz Field in Azerbaijani sector of the Caspian Sea is considered the main source of gas for Azerbaijan's participation in export operations. According to forecasts, the total amount of production from Shah Deniz field in 2010 will comprise 7.6 billion cubic meters.
The contract to develop Shah Deniz was signed June 4, 1996. Participants are: BP (operator) - 25.5 percent, Statoil - 25,5 percent, NICO - 10 percent, Total - 10 percent, Lukoil - 10 percent, TPAO - 9 percent, and SOCAR - 10 percent.