Turkey, Azerbaijan sign landmark gas transit agreement
21:53 – 25.10.11
Turkey and Azerbaijan on Tuesday signed a long-awaited agreement to
allow the transit of some 10 billion cubic meters of Azeri natural gas
to Europe, the Platts.com reported.
The agreement is set to resolve one of the final obstacles preventing
the opening of a southern corridor to allow gas to flow from the
Caspian to the European Union.
A Turkish energy ministry spokesman said Tuesday the agreement has now
been signed, although no details on the exact terms were available.
Azerbaijan’s President Ilham Aliyev arrived in Turkey early Tuesday to
attend the groundbreaking ceremony for a new feedstock refinery being
built in Ariaga and had been expected to sign the gas deal at a
meeting with Turkish Prime Minister Recep Tayyip Erdogan.
Turkey and Azerbaijan have been in talks for nearly two years over a
far-reaching new gas deal to allow for up to 10 Bcm/year of gas
produced from the second phase of Azerbaijan’s Shah Deniz field to be
exported to Turkey and onto Europe.
In addition, Turkey had been hoping to take a further 6 Bcm/year of
Azeri gas for its own needs and to finalize a new pricing agreement
for existing contracts signed in 2001.
Tert.am
From: Emil Lazarian | Ararat NewsPress
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