A consortium will be created to build a new pipeline that will carry natural gas from Azerbaijan's Shah Deniz II project through Turkey, the deputy head of Azerbaijan's state energy company Socar, Elshad Nasirov, said Wednesday.
A consortium will be created to build a new pipeline that will carry
natural gas from
Azerbaijan
's
Shah Deniz II project through
Turkey
, the
deputy head of
Azerbaijan
's
state energy company Socar, Elshad Nasirov, said Wednesday.
The consortium members will be picked by
Azerbaijan
's
government as well as the companies participating in the development of the
Shah Deniz field, Nasirov said. In addition, the Turkish government will
nominate one participant, he said.
The pipeline will have a capacity of no less than 16 billion cubic meters a
year, with 10 billion cubic meters destined for
Europe
and 6
billion cubic meters for
Turkey
's
western regions, Nasirov said.
He didn't mention the possible cost of the pipeline.
The BP PLC (BP)-led Shah Deniz II projects expects to begin supplying 10
billion cubic meters of gas a year to
Europe
by
2017.
Four pipeline projects--Nabucco, Interconnector Turkey-Greece-Italy, Trans
Adriatic Pipeline and a BP-led proposal--are competing for the right to ship
gas from
Azerbaijan
to
Europe
.
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