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22.12.2011 17:16

Turkish-Azerbaijani gas pipeline deal expected in January

Turkish and Azerbaijani energy officials aim to finish an agreement by January on a new pipeline to ship natural gas from the BP Plc-operated Shah Deniz field to Europe via Turkey.

The statement came from Azerbaijani energy official today, reported Bloomberg Businessweek.

'Any company that has gas' can join the venture to build a pipe from Turkeys eastern border to the west, said Rovnaq Abdullayev, president of State Oil Co. of Azerbaijan, or Socar. Many members of Shah Deniz have shown interest, he said in an interview in the Georgian capital, Tbilisi.

The Trans-Anatolian pipeline, which may cost $6 billion to $7 billion and have a capacity of 21 billion cubic meters a year, is planned to be completed by 2017 when the second phase of Shah Deniz starts producing gas, the state-owned Anatolia News Agency said last month, citing Socar Vice President Vaqif Aliyev. The project seems more do-able than the European Union-backed Nabucco pipeline, he was quoted as saying.

The Shah Deniz group is looking at Nabucco seriously and questions still remain on the project, Abdullayev said. The group will opt for less expensive transit options, he said.

News.Az, 21.12.11

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