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04.02.2011 12:21
Azerbaijan to Sell Gas Direct to Greece
Legal issues are under discussion right now
AUTHOR: publics.bg


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Azerbaijan plans to sell 700 mln cubic metres (bcm) of gas per year directly to Greece, bypassing Turkish intermediaries, the Azeri energy minister said on Wednesday, as quoted by energia.gr. Greece has been buying 0.7 bcm of Azeri gas per year from Turkey since the end of 2008 as a part of re-export scheme.

"We agreed with Turkey and Greece that gas from Azerbaijan will be sold to Greece without Turkey's participation," Industry and Energy Minister Natik Aliyev told reporters after talks.

"Legal issues are under discussion right now. Volumes will be the same, 700 mln cubic metres, but may rise in the future." He did not specify when Azerbaijan could start direct supplies. Agreement between the sides was reached on February 1 in the Azeri capital Baku, Harry Sachinis, the Chairman & CEO of the Greek company DEPA, told reporters.

Azerbaijan's gas output rose by 11.2% in 2010 year-on-year to 26.2 bcm from 23.6 bcm in 2009. The oil-rich country plans to produce 28.0 bcm of gas this year, including 9.1 bcm produced at its major Shah Deniz field.


TAGS: Azerbaijan | Greece | gas | deal | Turkey | Botas | DEPA 


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