Bank Of Baku

SOCAR can’t deliver large-volume gas to Iran within Shahdeniz-2 project

SOCAR can’t deliver large-volume gas to Iran within Shahdeniz-2 project
# 05 November 2011 09:47 (UTC +04:00)
He said they considered 16 billion cubic meters output from Shahdeniz in the second phase. A 6-mln c/m gas deal has already been reached with Turkey. Other 10 cubic meters is negotiated with other potential (Europe) customers.

Iran intends to purchase 5-6 billion cubic meters gas from Azerbaijan within Shahdeniz-2 project. Despite a gas deal between the two countries, Azerbaijan has not started gas export to Iran yet. Azerbaijan exports 400 million cubic meters of natural gas to Iran per year to meet gas needs of Nakhchivan Autonomous Republic of Azerbaijan.
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