Azeri officials talk gas at Davos

Jan. 30, 2009 at 1:31 PM

DAVOS, Switzerland, Jan. 30 (UPI) -- Azeri officials met with top energy executives on the sidelines of the World Economic Forum in Switzerland to discuss production at the Shah Deniz gas field.

Azerbaijan's President Ilham Aliyev met with Helge Lund, chief executive officer with Norwegian StatoilHydro oil and gas firm, to discuss the State Oil Co. of Azerbaijan Republic accelerating development of Phase 2 of the offshore Shah Deniz, the Azeri Press Agency reported Friday.

SOCAR and StatoilHydro are the major developers of the offshore gas field in the Caspian Sea.

Aliyev boasted about his country's huge energy potential and said he hoped to secure further cooperative agreements with the Norwegian and other firms whose representatives attended the economic summit in Davos.

The Azeri president also met with Turkish officials to discuss bilateral economic ties. Turkey would host the planned Nabucco gas pipeline to Europe, which is expected to include Azerbaijan as a major supplier.

Aliyev met with Polish Prime Minister Donald Tusk Wednesday to discuss a framework for energy cooperation on Nabucco as well.

The $10.7 billion, 2,051-mile Nabucco pipeline would link Middle Eastern and Caspian suppliers to bring natural gas to Europe.

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