The export deals signed on Tuesday will help Turkey purchase Azerbaijani gas and transport it to Europe, the State Oil Company of the Azerbaijani Republic (SOCAR) says.
The documents were signed in Izmir, Turkey. They include an interstate deal between Azerbaijan and Turkey, a deal on gas sales of SOCAR and Botas (Turkey), a deal on gas supplies between SOCAR and Botas International Ltd (BIL), a gas transit deal of SOCAR and Botas, a framework convention on Azerbaijani gas transit through Turkey. Gas transit can be realized using the systems of Botas or building a new gas pipeline through Turkey.
Azerbaijani President Ilham Aliyev and Turkish Prime Minister Recep Tayyip Erdogan verified the deals.
The documents were signed by Azerbaijani Minister for Industry and Energy Natig Aliyev and Turkish Minister for Energy and Natural Resources Taner Yildiz, SOCAR President Rovnag Abdullayev, regional President of BP in Azerbaijan, Georgia and Turkey, operator of Shah Deniz, Rashid Javanhir and Botas Director General Fazil Shenel.
Gas from the Caspian field Shah Deniz will go to European markets.
Javanshir said that the deals will give way to development of the South Gas Corridor to connect Europe with Azerbaijan and Turkey, forming a new strategic partnership. Shah Deniz 2 will be an energy link for Europe.
The second phase of Shah Deniz development will provide additional 16 billion cubic meters of gas.
Two new naval platforms will be constructed and connected via a bridge. 26 boreholes will be drilled at a depth of up to 550 meters. 500 km of pipelines will be built to improve export potential of Azerbaijan and Georgia and expand the Sangachalsky terminal.
Final proposals on construction of Nabucco, TAP (Trans-Adriatic Pipeline) and IGI-Poseidon were made on October 1.
The Shah Deniz contract was signed on June 4, 1996. Its shareholders are BP (operator) – 25.5%, Statoil – 25.5%, SOCAR – 10%, NICO – 10%, Total – 10%, Lukoil – 10%, TPAO – 9%.
