Magazine article Europe-East

Energy : Turkish Route Secured for Southern Gas Corridor

Magazine article Europe-East

Energy : Turkish Route Secured for Southern Gas Corridor

Article excerpt

The legal basis for large-scale transportation of Caspian gas through Asia Minor was laid, on 25 October, in the form of high-level deals on gas trade and transfer between Azerbaijan and Turkey. The two countries' energy ministers are understood to have agreed on the transmission of 16 billion cubic metres (bcm) of natural gas from the Azeri field Shah Deniz II from 2017, ten bcm of which would be directed to Europe and six bcm to the Turkish internal market. The accords were reinforced and further elaborated by the leaders of the State Oil Company of Azerbaijan (SOCAR) and BP Azerbaijan, two major stakeholders (25.5% and 10%, respectively) of the Shah Deniz consortium on one side, and by the CEO of Turkish state-owned BOTAS Petroleum Pipeline Corporation on the other.

Energy Commissioner Gunther Oettinger welcomed the developments: "This is a good day for Europe [...]. The European Commission will stick to the terms of its agreement with Azerbaijan; we want to see sufficient dedicated pipeline capacity [...] to cover all physical trades linking Azerbaijan to Europe. We want to see these pipelines operating within a strong legal framework compatible with international law".

This agreement, signed on 13 January by Commission President Jose Manuel Barroso and Azeri head of state Ilham Aliyev, marks Azerbaijan as a "substantial" contributor to the Southern Corridor of gas pipelines to the EU. However, it does not specify concrete commitments in volumes from the Azeri side. …

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