The consortium developing gas condensate field Shah-Deniz and the Azerbaijani gas buyers in Europe are going to sign the contracts for purchase-sale of gas on September 19, 2013, President of State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev told journalists.
"The ceremony of signing of the contracts for purchase of Azerbaijani gas from the Shah-Deniz Phase 2 will take place in Baku," Abdullayev said.
According to the current schedule, the first gas within the Shah-Deniz-2 project must be received at the end of 2018. Its export to the European consumers is scheduled for 2019. Azerbaijani gas will be transported to Europe via the trans-Adriatic pipeline (TAP), which was selected by the Shah-Deniz consortium as the route to transport its gas to the European markets on June 28, 2013.
The initial capacity of TAP will be 10 billion cub.m. a year with the possibility of its expansion up to 20 billion cub.m. a year.-0-
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