Turkey confirms Shah Deniz project is maintained successfully

Nov 21, 2006 01:00 AM

Energy Minister Hilmi Guler said that the Shah Deniz project which allows economical gas purchases from Azerbaijan and offers the opportunity to sell natural gas to Greece and Italy is maintained successfully. Minister Guler said "Russia is not blocking gas purchases."
Upon the question during his visit to Sakarya as to whether Russia is trying to block the Shah Deniz Project that enables the delivery of cheap Azeri gas to Turkey, Guler said that the project was maintained successfully and was not blocked by Russia. The Minister added that the first natural gas would be bought at the end of the year upon the completion of the Baku-Tbilisi-Erzurum pipeline currently under construction.

Stressing that Shah Deniz was the second biggest project after Baku-Tbilisi-Ceyhan Pipeline, Minister Guler said that part of the gas to be received under the project would be utilized by Turkey and part would be delivered in the future to Greece and Italy.
Guler said, "We have a contract with Azerbaijan concerning the natural gas project. Shah Deniz Project is a giant project and one that the government has been pursuing successfully. BOTAS has been undertaking this project in a solid manner.”

We have brought the Baku-Tbilisi-Ceyhan oil pipeline project online in June. It generates big revenues. Baku-Tbilisi-Ceyhan project is an oil pipeline project and Shah Deniz Project is its twin natural gas project. Both are pipeline projects that transmit the oil and the natural gas of the Caspian region individually.”
“We have completed the Baku-Tbilisi-Ceyhan project successfully and now we are completing the Shah Deniz Project. Another name for Shah Deniz Project is Baku-Tbilisi-Erzurum Project.”

“We will bring the gas all the way down to Erzurum. We will be receiving the first gas from the pipeline by the end of the year. There are no problems concerning the pipelines. Georgia and Azerbaijan are asking for gas. The negotiations are underway and the project is running successfully.”
“We will use part of the gas and deliver part to Greece and then to Italy later. The amount of gas to be delivered to Greece and Italy in the future is 12 bn cm, 3 bn to Greece and the rest to Italy. Russia is not blocking the gas purchase. These are international projects based on agreements with fixed terms and conditions. There is no concern of the sort."

Source: The New Anatolian
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
May 2020 »
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

Register to announce Your Event

View All Events