Azerbaijan commits to Europe gas exports via Turkey

28 October 2011 16:55  [Source: ICIS news]

LONDON (ICIS)--Azerbaijan has made a committment to export gas from its Shah Deniz II field to Europe through the Southern Gas Corridor running through Turkey, the State Oil Company of Azerbaijan (SOCAR) said on Friday.

However, the gas pipeline projects that are tendering for the contract to transport the gas - the Nabucco Turkey to Austria link, the ITGI (Interconnector Turkey-Greece-Italy) and TAP (Trans-Adriatic Pipeline), as well as the SEEP (South East Europe Pipeline) initiative recently announced by Shah Deniz operator BP - will not be assessed by state officials until late 2011 or early 2012, it added.

In the wake of Azerbaijan this week signing a deal with Turkey, allowing it to transport Shah Deniz II gas across Turkish territory from 2017 to 2042, SOCAR had been commissioned by the Azeri government to look at how upgraded sections of the existing BOTAS pipeline network in Turkey could play a role in the export route to Europe, SOCAR added.

The Nabucco project, backed by the EU, seeks to bring up to 31bn cubic metres/year (cbm/year) of gas to Europe. Gas would be secured from Azerbaijan and Turkmenistan, as well as possibly from Iraq and Iran, according to the Nabucco consortium's proposals.

On 24 October, the consortium defended its project against claims from Hungary that its viability was in serious doubt.

The next most ambitious of the pipeline projects is TAP, which targets 10bn cbm/year from the Caspian Sea region.

Approximately 16bn cbm/year of gas should be sourced from Shah Deniz II, BP said.

By: Will Conroy
+44 20 8652 3214

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