Turkey to share Caspian gas quota with Georgia and Azerbaijan

Dec 09, 2006 01:00 AM

Turkey's energy minister agreed to transfer part of his country's quota for natural gas produced in Azerbaijan's section of the Caspian to Georgia and Azerbaijan. The energy ministers of Georgia, Azerbaijan and Turkey met in Tbilisi to discuss a possible increase in gas supplies to Georgia through the South Caucasus Pipeline, passing from the Shah-Deniz gas and condensate field to Turkey via Georgia.
"During the negotiations, the sides agreed that part of Turkey's quota will be redistributed between Georgia and Azerbaijan," Georgian Energy Minister Nika Gilauri said.

Georgia turned to its neighbours for additional gas supplies after Russia said it would double the current the gas price for Tbilisi to $ 230 per 1,000 cm from 2007 amid worsening bilateral relations. The South Caucasus (Baku-Tbilisi-Erzurum) Pipeline will start pumping gas from Shah-Deniz on December 15. The Turkish quota for 2007 was originally set at 2.8 bn cm.
Gilauri said the terms of supplies in 2007 had yet to be agreed.
"Experts will meet next week in Baku to decide on the figures," the minister said.

Gilauri said earlier that Georgia would be provided with an additional 10 mm cm of Azerbaijan's gas via the South Caucasus Pipeline before the end of this year.
"Natural gas will begin flowing to Georgia from Shah-Deniz from December 15, and supplies will total 10 mm cm by the end of the year," he said.
In 2007, Georgia hopes to secure 1.5 bn cm from Azerbaijan, or six times more than the figure set out in the original contract. The country's demand is estimated at 1.7-1.8 bn.

Source Novosti
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