Azerbaijan and Georgia sign gas export treaty

Jul 14, 2000 02:00 AM

Azerbaijan and Georgia signed a treaty outlining the major principles of Azerbaijan gas exports from the Caspian Shakh-Deniz gas field via Georgia to Turkey, Valekh Aleskerov, director of Azerbaijan State Oil's investment department said. He also said Azerbaijan was ready to export up to 16 bn cm of gas from its Caspian Shakh-Deniz gas field when gas production began.
"Azerbaijan State Oil Company SOCAR and Georgian International Gas Corporation signed a treaty outlining principles of Azeri gas deliveries to Turkey via Georgia," Aleskerov told. He said the Azeri-Georgian gas pipeline project did not mean Azerbaijan would pull out of talks with Turkmenistan on the construction of the Trans-Caspian gas pipeline.
Aleskerov said he saw the launch of the Trans-Caspian pipeline after Azeri gas started flowing to international markets via the projected Azeri-Georgian pipeline. He also said main export volumes would come from Azerbaijan's Shakh-Deniz gas field. "An international consortium has already drilled two wells at the Shakh-Deniz field, proving huge gas reserves," Aleskerov said. He said Azerbaijan would export gas from the field to Turkey, Greece, South and East European markets.
Earlier this year, Azerbaijan said it currently lacked gas and would start importing it from October.

Source: Bridge News via Newspage
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