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SOCAR announces minimum throughput capacity of new gas pipeline transiting Turkey

Oil&Gas Materials 2 November 2011 18:43 (UTC +04:00)

The minimum throughput capacity of a gas pipeline designed for Azerbaijani gas export from the field Shah Deniz via the territory of Turkey will be at least 16 billion cubic meters, a high-ranking official of the State Oil Company of Azerbaijan (SOCAR) told reporters on Wednesday.

He said 10 billion cubic meters of this volume are to be supplied to the West while the rest 6 billion will be supplied to Turkey's western regions if it is decided to supply gas on the new pipeline.

As for direct supply of Azerbaijani gas to Greece, the SOCAR official said the Government of Turkey is expected to make its decision on this issue and that it should be settled between Turkey's BOTAS and Greece's DEPA.

In late October, Azerbaijan and Turkey signed a package of gas contracts which includes cost issues of Azerbaijani gas for Turkey in the Shah Deniz-2 project, volume of gas supplies to Turkey from the field after 2017, as well as a transit agreement for Azerbaijani gas transportation through Turkey.

Reserves of that field are estimated at 1.2 trillion cubic metres of gas. Another six billion cubic metres will be delivered to Turkey in addition to 6.6 billion cubic metres within the Shah Deniz's first stage of development.

The contract to develop the offshore Shah Deniz field was signed on June 4, 1996. Partners in the agreement are: BP (operator) - 25.5 per cent, Statoil Hydro - 25.5 per cent, NICO - 10 per cent, Total - 10 per cent, LukAgip - 10 per cent, TPAO - 9 per cent, SOCAR-10 per cent.

The South Corridor is a priority EU energy project diversifying energy supply routes and sources and increasing EU energy security. The Southern Corridor includes the Nabucco gas pipeline, TAP and ITGI (Turkey-Greece-Italy pipeline).

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