Bloomberg News

BP in Talks With 25 Potential Shah Deniz Gas Buyers, Turan Says

November 07, 2011

Nov. 4 (Bloomberg) -- A BP Plc-led group developing Azerbaijan’s largest gas field is in talks with 25 potential buyers for the fuel, the privately owned Turan news agency reported today, citing Tamam Bayatli, a BP spokeswoman.

The interested buyers include governments and companies, Turan said, without providing further details.

Bayatli wasn’t immediately available for comment when called at her office in the Azeri capital of Baku and by mobile phone.

Shah Deniz 2, estimated to hold 1.2 trillion cubic meters of gas, will have 10 billion cubic meters of the fuel a year available for export to Europe and 6 billion cubic meters for Turkey when it starts in 2017. Turkey also receives 6.6 billion cubic meters of gas a year from the first phase of the Shah Deniz development.

The other partners in the project include State Oil Co. of Azerbaijan, Statoil ASA, Total SA, OAO Lukoil, National Iranian Oil Co. and Turkiye Petrolleri AO.

--Editors: Stephen Cunningham, Alex Devine.

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net


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