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Italy, Turkey and Greece Sign a Gas Agreement

Oil&Gas Materials 26 July 2007 16:32 (UTC +04:00)

Azerbaijan, Baku /corr. Trend A.Badalova / On 26 July Italy, Turkey and Greece signed an agreement on constructing a pipeline to bring natural gas from central Asia to European markets by 2011, Turkish press reports. The agreement was signed in Rome.

The pipeline network would include a 212-kilometer (132-mile) undersea connection from Greece to Italy, and is expected to carry 11.5 billion cubic meters of gas a year into Greece, most of it for re-export.

Azerbaijani gas from gas condensate field of Shah Deniz which is exported to Turkey via South Caucasus Pipeline may also be transported via this route. The capacity of the pipeline is 20 bln cu.m per year.

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