ISSN 2330-717X

Azerbaijan, Georgia, Turkey To Discuss Energy Cooperation With Germany

By

By Anvar Mammadov

Azerbaijan, Georgia and Turkey will discuss with Germany the possibility of participation of German entrepreneurs in the future energy and infrastructure projects, said the message of Azerbaijani ministry of energy published on its website.

A quadrilateral energy conference with the participation of Azerbaijan, Georgia, Turkey and Germany, organized by the German-Georgian society on the economy and culture and the Eastern Committee of German Economy will be held with this purpose in late 2015.

“Azerbaijani ministry of energy highly appreciates the role of this conference in the development of energy cooperation, aimed at ensuring energy security of Europe by Azerbaijan, including Germany,” said the message. “We believe that such events provide an opportunity not only for strengthening of cooperation in the energy sector, but also for regional development and cooperation.”

The conference will bring together senior representatives of Germany, Turkey and Georgia, according to the message.

On December 17, 2013, a final investment decision was made on the Stage 2 of the Shah Deniz offshore gas and condensate field’s development. The gas produced at this field will first go to the European market (10 billion cubic meters). Around six billion cubic meters will be annually supplied to Turkey.

The contract for development of the Shah Deniz offshore field was signed on June 4, 1996. The field’s proven reserve is estimated at 1.2 trillion cubic meters of gas and 240 million metric tons of condensate.

As part of the Stage 2 of the field’s development, gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and construction of Trans-Anatolian Natural Gas Pipeline (TANAP) and the Trans-Adriatic Pipeline (TAP).

Click here to have Eurasia Review's newsletter delivered via RSS, as an email newsletter, via mobile or on your personal news page.

Trend News Agency

Founded in 1995 as a private media outlet in Azerbaijan, Trend News Agency is a leading news provider in the Caucasus, Caspian and Central Asian region. Trend has established the Trend Expert Council, bringing together about 40 well-known independent experts from the region and the West.

Leave a Reply

Your email address will not be published. Required fields are marked *