BP-Georgia says Shah Deniz quota cut possible

BP-Georgia says Shah Deniz quota cut possible
# 13 April 2007 11:36 (UTC +04:00)
Georgian, Turkish and Azerbaijani quotas from Shah Deniz Gas and Condensate Field can be reduced for 2007, External Affairs Manager of BP-Georgia David Glendinning told APA-Bureau.
He said the field came short of the expected output and the three countries should negotiate on redistribution.
Mr. David Glendinning said Georgia’s quota for 2008 from Shah Deniz is 300mln cubic meters plus 5% commission from Baku-Tbilisi-Erzurum gas pipeline.
For 2007 Georgia will receive 250mln cubic meters of Shah Deniz gas as transit tax, Azerbaijan will have 2.5 billion and Turkey will receive 2.8 billion cubic meters of gas.
The President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev said the Shah Deniz field, the giant one in the Azerbaijani sector of the Caspian, will not meet the target of 5.8 billion cubic meters of output planned for 2007 because of technical failure in well SDA-01 and the field is likely to produce a bit more than 3 billion cubic meters of gas for this year. /APA-Economics/
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