Middle East Economic Survey
VOL. LII
No 18
04-May-2009
CASPIAN
Shah Deniz 2 Costs Rising, Start-Up Date Pushed Back Again
Azerbaijans Minister of Energy Natiq Aliyev told a press conference in Baku on 27 April that the total cost of the second phase of Azerbaijans giant Shah Deniz gas condensate field development will be between $16bn and $20bn, with $20bn being the most probable estimate scenario. He said that the project would raise Azerbaijans gas exports to Europe to between 15 bcm/year 20...
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