BP representative office head: Azerbaijani gas will satisfy 30 percent of Turkey’s needs
Azerbaijan, Baku, Sept.16 / Trend, N. Ismayilova /
Gas supplied from Azerbaijan's Shah Deniz field in the Caspian Sea to Turkey satisfies about 20 percent of domestic gas consumption in this country, the head of BP's representative office in Turkey, Djan Suphi, has said in Baku.
"And if we add a second phase of the development of this field to the first phase, 30 percent of domestic consumption of natural gas in Turkey will be covered thanks to the Shah Deniz field," Suphi said.
He said gas supply from Shah-Deniz-2 could satisfy about 10 percent of demand for gas in Southern Europe.
The contract to develop Shah Deniz was signed in June 1996. Participants are: BP (operator) - 25.5 percent; Statoil - 25.5 percent; NICO - 10 percent; Total - 10 percent; LukAgip - 10 percent; TPAO - 9 percent; and, SOCAR - 10 percent.
Gas is transported to Georgia and Turkey through the South Caucasus gas pipeline.
This year the field will produce 7.84 billion cubic meters of gas. Peak production is forecast at over 8.6-9 billion cubic meters. Gas production may be brought up to 25 billion cubic meters per year under the second phase of development.