BAKU, Azerbaijan, May 10 (UPI) -- Officials from Azerbaijan and Turkey met in Baku to discuss terms of Turkish gas purchases from the Shah Deniz gas field, energy executives said Monday.
Rovnag Abdullayev, the head of the State Oil Co. of Azerbaijan Republic, said officials from SOCAR met with a delegation from Turkish pipeline company BOTAS to discuss gas price terms.
Both sides met to discuss the details of gas prices from the first and second stages of the Shah Deniz gas field. The price for transit of Azeri gas through Turkey was also discussed, the Trend news agency reports.
Gas prices are under review as of April 15. Turkey pays $120 per 1,000 cubic meters of Azeri gas, though consumers pay $300 per 1,000 cubic meters.
Azerbaijan lacks a direct gas pipeline to Europe. Negotiations with Turkey on transit terms led Baku to blame Ankara for transit delays because of price wrangling.
Europe aims to bring gas from supplier nations like Azerbaijan through the planned 2,000-mile Nabucco pipeline. Nabucco would pass through Turkish territory once construction starts in 2011.
Baku announced last week that it was ready to deliver half of its natural gas reserves to the Nabucco pipeline.