Bank Of Baku

Greece and Italy submits a bid on transportation of Azerbaijani gas to Europe

Greece and Italy submits a bid on transportation of Azerbaijani gas to Europe
# 04 October 2011 09:27 (UTC +04:00)
The joint bid will supply the planned Interconnection Turkey Greece Italy, or ITGI, pipeline project designed to bring Azeri gas from the Caspian region to Europe, Athens-based Depa said today in an e-mailed statement.

Azerbaijan will be able to supply 10 billion cubic meters of gas a year to Europe when the offshore deposit comes on stream in 2017, Elshad Nasirov, vice president of State Oil Co. of Azerbaijan, the national oil company, said last month.
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THE OPERATION IS BEING PERFORMED