Azerbaijan, Turkey to lay new pipeline for Caspian gas export

To export most of 50 billion cubic meters of gas that Azerbaijan intends to produce by 2025, Baku and Ankara intend to build a new gas pipeline to Turkey, the President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev said on Thursday, Trend reports.

Azerbaijan and Turkey have agreed to consider the construction of the pipeline, Abdullayev said in an interview with the ANS TV channel, posted on the official website of the State Oil Company of Azerbaijan.

With the increase in gas production in the region, the pipeline capacity will be increased. This project will be implemented by two states, but the participation of foreign companies is possible, Abdullayev said.

Participants of this project intend to complete solution of all issues on this pipeline in 2012, and without delay, start building in order to make it ready by the end of 2017, when the second stage of development of Azerbaijani Shah Deniz gas condensate field will launch.

Abdullayev said that on Tuesday in Izmir, Turkey and Azerbaijan signed 15 documents, including an agreement to sell gas to Turkey from the Shah Deniz-2 in 2017, and an agreement on transit of gas from Shah Deniz-2 to Turkey in 2017-2042 via the networks of Turkish Botas State Pipeline Company.