The Azerbaijani parliament ratified
two gas agreements on Tuesday.
These are an
intergovernmental agreement between
Azerbaijan
and
Turkey
on the sale, purchase, transit
fares and transit of natural gas through
Turkey
, as well as an intergovernmental
agreement regarding gas pipeline Trans Anadolu (TANAP).
Speaking at a
sitting in the Parliament, Deputy Speaker of Milli Majlis Valeh Alasgarov noted
that
Azerbaijan
now has a modern infrastructure, which allows
to transport energy resources to the world market, in particular, "today
through seven pipes Azerbaijani oil and gas are exported to the world market”.
"However, with
the increase of natural gas reserves, there appears a need to create new
routes. One of them is TANAP. At present, SOCAR’s share in TANAP is 80%, and
the remaining 20% is distributed between the Turkish BOTAS and TPAO. But later
SOCAR may transfer part of its share to other companies for the purpose of
prompt and effective implementation of the project ", he stressed.
At the same time, he
said, the important aspect of the agreement is that SOCAR ‘s share in the
project cannot be less than 51%.
"And that means
that SOCAR will have a controlling stake in the project, which is important for
Azerbaijan
, as a gas producing country”, Alasgarov said.