Thursday, 19 July 2018 11:54 GMT

Azerbaijan supplies more gas to Turkey

(MENAFN - AzerNews) By Sara Israfilbayova

Azerbaijan delivered to Turkey more than 3.34 billion cubic meters of gas in the first half of 2017, as compared to 3.25 billion cubic meters delivered in the same period of 2016.

Turkey's Energy Market Regulatory (EPDK) reported that, Azerbaijan delivered 6.48 billion cubic meters of natural gas to Turkey in 2016, against 6.17 billion cubic meters delivered in 2015.

Turkey imported 27.78 billion cubic meters of gas in January-June 2017, of which 22.27 billion cubic meters were imported through pipelines, and 5.51 billion cubic meters accounted for LNG imports.

The share of Azerbaijan in the total volume of gas imported to Turkey in the first half of the year was 12 percent.

Turkey imports gas from Azerbaijan via the South Caucasus gas pipeline also known as Baku-Tbilisi-Erzurum Pipeline. Turkey has signed a contract for the annual purchase of 6.6 billion cubic meters of gas from the Azerbaijani offshore gas condensate field Shah Deniz.

The contract for development of the Shah Deniz offshore field was signed on June 4, 1996.

The shareholders in the contract are BP (operator - 28.8 percent), AzSD (10 percent), SGC Upstream (6.7 percent), Petronas (15.5 percent), Lukoil (10 percent), NIOC (10 percent) and TPAO (19 percent).

Turkey was the first state to recognize Azerbaijan's independence in 1991 and has been a staunch supporter of Azerbaijan in its efforts to consolidate its independence, preserve its territorial integrity and realize its economic potential arising from the rich natural resources of the Caspian Sea.

The trade turnover between Azerbaijan and Turkey amounted to $552.69 million in January-March of 2017, according to the State Customs Committee of Azerbaijan.


Azerbaijan supplies more gas to Turkey

  Most popular stories  

Day | Week | Month