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Europe May Receive Gas From Azerbaijan By 2019

Deliveries of natural gas to Europe from the Shah Deniz 2 field in Azerbaijan will begin in 2019, a deputy chief executive for Azerbaijan's state energy company said Tuesday.

"If the Shah Deniz consortium is able to take the final investment decision by October 2013, gas will begin to reach the Trans-Anatolian Pipeline in Turkey by 2018, and reach European consumers by 2019," SOCAR Deputy CEO Elshad Nasirov said.

The partners in the Shah Deniz 2 field, including BP PLC, Statoil of Norway, France's Total S.A. and other foreign firms alongside SOCAR, are deciding between two pipelines vying to carry its gas to Europe.

Gas from Shah Deniz 2 will be transported to Europe via Turkey, where it will link up with either the Trans-Adriatic Pipeline or Nabucco-West. Turkey is expected to receive 6 billion cubic meters per year and Europe 10 bcm.

The European Union has long supported the delivery of gas from Azerbaijan to reduce its dependence on Russian supplies. Russia in December started construction of a pipeline to take its gas to southeast Europe via the Black Sea by 2016.

Source: Fox Business

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