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Azerbaijan inks new gas agreement with Turkey

A contract for deliveries from the Shah Deniz natural gas field expired in April

Azerbaijan inks new gas agreement with Turkey

Baku, October 14 - Neftegaz.RU. Azerbaijan's energy minister told Reuters today that a new agreement was signed to deliver natural gas from the country's offshore Shah Deniz field to Turkey.

Gas flows to Turkey from Shah Deniz in the Caspian Sea were reduced in April after one of the contracts covering those supplies expired.
Azeri energy minister Parviz Shahbazov told Reuters a new deal calls for the delivery of some 2.5 bln m3 for Turkey next year and 3.5 bln m3 in 2023.
He said:
  • We will be increasing gas supplies (to Turkey) from Shah Deniz 1 in addition to Shah Deniz 2
BP leads the development of Shah Deniz.
The company and its partners in July started production at the deposit's East South deepwater flank.

The project will produce 4.13 bln m3/year at full capacity, a level that could be reached yet this year.
That would bring the field's overall production rate to more than 24.8 bln m3/yr.

The extra gas will help the Shah Deniz consortium fulfil its existing sales and purchase agreements.

The 2nd phase of Shah Deniz came on stream in 2018, delivering natural gas to Turkey and Europe via the Southern Gas Corridor, whose final section, the Trans-Adriatic Pipeline, started delivering gas at the start of this year.

Author: Daniel Graeber

Source : Neftegaz.RU


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