Azerbaijan, Baku, August 28 /Trend, A. Tagiyeva/
With the new gas compressor station in the town of Chayyrly in the Turkish Province of Erzincan, Turkey will be able to transit gas from Azerbaijan and Iran, Turkish Minister of Energy and Natural Resources Taner Yildiz said, Hurriyet newspaper reported on Wednesday.
According to the Minister, one third of the gas consumed in Turkey will be pumped through the new gas compressor station in Chayyrly.
Today, Turkey is transiting gas from the Azerbaijani gas condensate field Shah Deniz through the South Caucasus Pipeline (Baku-Tbilisi-Erzurum). According to the contract, within first stage of the field development, Turkey must deliver 6.6 billion cubic meters of gas. In the second stage, Turkey will deliver another 6 billion cubic meters of gas.
The Shah Deniz's reserves are estimated at 1.2 trillion cubic meters of gas.
The contract to develop the offshore Shah Deniz field was signed on June 4, 1996.
Participants to the agreement are: BP (operator) - 25.5 percent, Statoil - 25.5 percent, NICO - 10 percent, Total - 10 percent, Lukoil - 10 per cent, TPAO - nine percent and SOCAR - 10 per cent.
In 1996 Iran and Turkey concluded an agreement to supply 10 billion cubic meters of gas to Turkey annually (30 million cubic meters per day).