Where to send Azeri gas, BP asks

Nov. 10, 2010 at 9:08 AM

BERLIN, Nov. 10 (UPI) -- A consideration needs to be made on the best way to transport natural gas from Azerbaijan because there isn't enough gas for everyone, BP officials said.

Gas-rich Azerbaijan is keen to emerge as a regional powerhouse in the natural gas sector. Brian Hunter, a gas marketing director for BP in Azerbaijan, said at an energy summit in Berlin that key decisions are needed in terms of designating Azerbaijan's gas.

"We're in … discussions with two pipeline infrastructure projects," he was quoted by Bloomberg News as saying. "Where's all the gas going to go? Basically it's too early to tell."

BP is eager to exploit natural gas reserves in the Shah Deniz field in the Caspian Sea. Hunter said that with its 30 trillion cubic feet of natural gas reserves, it's one of the largest gas fields in the world.

At least three separate pipeline projects, including Europe's planned Nabucco project, are looking to Shah Deniz as a source of supply. Hunter said, however, that while the reserves are lucrative, there isn't enough gas for everyone.

"There's not enough gas to supply all of them," he was quoted as saying. "We'll have to select which route we are going down."

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