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Aliyev sets Shah Deniz targets



By Upstream staff 

Natural gas output at Azerbaijan's Shah Deniz development will hit 21 billion cubic metres in its second phase of production, Energy Minister Natik Aliyev said today.

The gas fields are being exploited for a pipeline that will pass through Turkey to Greece and on to Italy.

"Our production in the second phase of the Shah Deniz will be 21 Bcm, and this gas will be sold to Europe," Reuters quoted Aliyev telling a news conference in Ankara.

Production at the gas field in its first phase is expected to be 9.6 Bcm from the fourth quarter of 2008.

Pipeline construction delays have slowed down the transport of natural gas to Europe, but Turkey has said Shah Deniz gas will reach Greece by 15 September.

The pipeline will then be extended to Italy.

Aliyev also said the output of the Baku-Tbilisi-Ceyhan pipeline may exceed a targeted 1 million barrels per day.


Wednesday, 08 August, 2007, 13:54 GMT  | last updated: Wednesday, 08 August, 2007, 13:54 GMT

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