Nabucco Gas Pipeline International GmbH welcomes gas agreement signed by Azerbaijan and Turkey

"This is a step ahead in the right direction", Reinhard Mitschek, Managing Director stated. Azerbaijan and Turkey have signed an agreement on a package of gas issues in Istanbul yesterday.

A declaration for the transit of Azerbaijani gas through Turkey and the cost of gas within the first and second stages of development of Azerbaijan gas condensate field Shah Deniz has been signed by Azerbaijani Minister of Industry and Energy Natiq Aliyev and Turkish Minister of Energy and Natural Resources Taner Yildiz with the participation of Azerbaijani President Ilham Aliyev and Turkish Prime Minister Recep Erdogan.

SOCAR President Rovnag Abdullayev (State Oil Company of Azerbaijan) and Botas (Turkish state pipeline company) general manager Fazil Senel signed an agreement on terms and mechanisms for the sale and transit of Azerbaijani gas.

Construction of gas pipeline is planned to be launched in 2011, the first supplies - in 2014. 


/Trend/