Azerbaijan will not need Russian gas after launch of Shah Deniz field

Oct 01, 2005 02:00 AM

Azerbaijan will not need Russian gas after the launch of full-scale development on major Shah Deniz field, deputy board chairman of Russian giant Gazprom Alexander Ryazanov said. The country is currently importing gas from Russia to help meet its domestic demand.
"With the commissioning of Shah Deniz field, Azerbaijan will receive considerable volume of its own gas that it plans to export to Georgia and Turkey. Therefore, after it is launched, there will be no longer any need for our supplies to Azerbaijan, as local consumers will be able to use their own gas."

With regard to the prices on gas supplies, Ryazanov reminded about the growing world energy prices.
"Energy resources are becoming more expensive and there is nothing we can do about this tendency. Starting this year, the price on gas for Azerbaijan increased from $ 52 to $ 60 per 1,000 cm. It will further go up next year."

The Shah Deniz reserves are estimated at 625 bn cm of gas and 101 mm tons of condensate.
Gas production is expected to start in the second half of 2006.

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