Bank Of Baku

SOCAR can export gas to Europe before Shah Deniz consortium

SOCAR can export gas to Europe before Shah Deniz consortium
# 16 November 2011 09:11 (UTC +04:00)
According to him, transportation of Azerbaijani gas can be realized earlier than Shah Deniz 2 project operates: “The talk is about transportation of SOCAR’s gas from its own fields. If there are sufficient transportation opportunities, SOCAR will be able to transport gas to Europe earlier than 2017”.

The advisor noted that, several south-eastern European countries interest in purchase of Azerbaijani gas for supply their energy safety. These countries are Bulgaria, Romania, Hungary, Serbia and other counties. First real purchaser of early gas can be Bulgaria. Because of, Azerbaijan and Bulgaria have signed a memorandum on it. The volume will be 1 bcm of gas.

According to Heydarov, the date of the transportation of early gas is determined yet: “This depends on technical issues, especially being of Baku-Tbilisi-Erzurum pipeline ready for export of additional gas volumes”.

Remind that, Umid and Absheron gas fields have been found in Azerbaijan, and exploration works are conducted on the account of SOCAR.
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