Ankara and Baku will build a gas pipeline to Europe
December 26, Azerbaijan and Turkey will sign a memorandum on a consortium to build a gas pipeline from Azerbaijan to Turkey and Europe. The document will be signed by Turkish Energy Minister Taner Yildiz and Energy Minister Natig Aliyev.
The gas pipeline will link the Azeri Shakh-Deniz field in the Caspian Sea (operator BP) with the main pipeline system in Turkey, which will send Azerbaijani gas to European consumers without Russia's participation.
Builders The pipeline will be constructed by Turkish state company Botas Boru Hatlari Ile Petrol Tasima, the Azerbaijani state company Socar and Turkish Turkiye Petrolleri. Members of the consortium do not exclude the participation of major international investors in the project.
Construction is scheduled to be completed by 2017, when gas production will begin at the plots of the second line of the Shah Deniz oilfield. Taner Yildiz has already announced the possibility of joining of the new pipeline system to Nabucco.
Rumors about the possible construction of a pipeline by Azerbaijan and Turkey have appeared in the fall. That time The Financial Times reported about the possible construction of a pipeline, involving BP, Business FM reported.
In late October, the president of SOCAR Rovnag Abdullayev told about these plans.
Such a move was dictated by the need to export most of the 50 billion cubic meters of gas that Azerbaijan intends to produce by 2025. "With the increase of gas production we will increase capacity of the pipeline in the region", Abdullaev said. "This project will be implemented by two states, but in this case the participation of foreign companies is possible".