
ISTANBUL, Turkey, May 3 (UPI) -- Turkey and Azerbaijan signed an agreement on the price and quantity of natural gas from the giant offshore Shah Deniz field, a minister said.
Turkish Energy Minister Taner Yildiz signed a gas deal with his Azeri counterpart Natiq Aliyev on the sidelines of a regional conference in Istanbul.
Yildiz was quoted by Turkish daily newspaper Today's Zaman as saying both sides "reached an agreement over the price and quantity of gas to be exported from the Shah Deniz II project, which will go online in 2017, to Turkey."
Turkey gets about 210 billion cubic feet of natural gas per year from Azerbaijan and some of that volume heads to Greek markets. Yildiz didn't give specifics on the deal other than to say some of it would be exported to European countries.
Both countries are pivotal to European plans to build the Nabucco gas pipeline. That project is meant to break the Russian grip on the European energy sector, though the pipeline is slow to reach formal agreements with potential suppliers.
|
|
|
|
|
|
| Additional Energy Resources Stories | |
WASHINGTON, May 22 (UPI) --
Maintaining a flat level of natural gas production from U.S. shale deposits is an elusive prospect, an energy policy director told U.S. lawmakers.
|
HUNTSVILLE, Ala., May 22 (UPI) --
The U.S. Army reports it's Project Office for Armed Scout Helicopters has completed deliveries of 407 Bell Helicopters to Iraq.
|
Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
|
Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
|
| Stories | Photos | Comments |
View Caption