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Azerbaijan keen on Pan-Arab gas pipeline

7 July 2010 14:50 (UTC+04:00)
Azerbaijan keen on Pan-Arab gas pipeline

BAKU - Azerbaijan is interested in the implementation of the Pan-Arab gas pipeline project, Energy Minister Natig Aliyev told his Egyptian counterpart IN Baku.
Egypt's Oil Minister Sameh Fahmy, who heads a delegation of top energy officials, including the president of Egypt’s national gas company, arrived in Azerbaijan on Wednesday to explore avenues for cooperation with the resource-rich South Caucasus republic in the energy sector.
Aliyev said the construction of a pipeline linking the gas systems of Turkey and Syria would allow Azeri gas to be exported through Turkish territory to Syria and Jordan.
Early in June, a package of agreements on transit of Azeri gas via Turkey were signed, paving the way for Azeri gas exports in various directions.
Last week, Syria made a proposal to buy 1-1.5bn cubic meters of Azeri gas for the period of 20 years. Syrian experts say Azeri gas supplies can be launched starting from mid-2011 - once the construction of the connecting pipeline between Turkey and Syria has been completed.
Azerbaijan produces most of its gas from the giant Shahdaniz field in the Caspian Sea. During Phase 2 of Shahdaniz development, scheduled to begin in 2012-2013, gas exports are planned to a number of countries, including European markets.

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