Turkey Energy Min: Shah Deniz II Gas Will Reach Europe by 2017

Gas from Azerbaijan's giant Shah Deniz II field will reach Europe by 2017, Turkey's energy minister Taner Yildiz said Wednesday, one day after Ankara and Baku inked a long-awaited gas transit deal.
DJ
Τετ, 26 Οκτωβρίου 2011 - 18:57

Gas from Azerbaijan's giant Shah Deniz II field will reach Europe by 2017, Turkey's energy minister Taner Yildiz said Wednesday, one day after Ankara and Baku inked a long-awaited gas transit deal.

But Yildiz gave no further details on the substance of the deal, which was signed by Turkey's Prime Minister Recep Tayyip Erdogan and Azerbaijani President Ilham Aliev on Tuesday.

Speaking to reporters in Ankara, Yildiz said Turkey would "fulfill its responsibilities" on the Nabucco project--the European Union-backed pipeline project for bringing Caspian gas to European markets.

Analysts had expected the Shah Deniz deal to be signed but had repeated cautions that the agreements may not be binding enough to hold.

In August, the Turkish ambassador in Baku said Turkey may conclude a deal on the transit of natural gas from Azerbaijan's Shah Deniz II field by September, potentially supplying gas to the Nabucco pipeline project.