Newspaper: Azerbaijani gas from Shah Deniz 2 field to cost Turkey less than Russian gas
Azerbaijan, Baku, July 4 / Trend A. Taghiyeva /
Azerbaijani gas to be exported from Azerbaijan to Turkey from the second phase of the Shah Deniz field via the Trans-Anatolian gas pipeline (TANAP) will be cheaper than that imported from Russia by 12 per cent, Turkish newspaper Hurriyet said today.
According to the information, today gas imported from Russia to Turkey costs $460 per 1000 cubic meters, while Azerbaijani gas costs $320 per 1000 cubic meters.
The price on Azerbaijani gas to be transported via TANAP will be higher than the current one. According to the newspaper, it is stipulated by European countries' demand for gas from Shah Deniz 2.
On June 26, Azerbaijan and Turkey signed an intergovernmental agreement on implementation of the Trans-Anatolian gas pipeline (TANAP) project.
In December 2011, Azerbaijan and Turkey signed a memorandum of understanding to establish the consortium that will build a gas pipeline to supply gas from the Shah Deniz gas field to Europe through Turkey. BOTAS has a 20 per cent stake in TANAP, while SOCAR holds 80 per cent in the project.
The initial capacity of the pipeline will be 16 billion cubic meters. Some six billion cubic meters of the volume will be supplied to Turkey, while the rest will be transported to Europe.