Middle East Economic Survey

VOL. LII

No 12

23-Mar-2009

CASPIAN

Shah Deniz Phase 2 Development Could Be Delayed By Transit Talks

BP has decided to postpone a decision on all technical aspects of the second phase of development of the Shah Deniz gas field offshore Azerbaijan subject to commercialization being in place, according to a 12 March Platts report. The report cited a BP source as saying that this is not a delay due to the economic crisis, this is due to the impasse on transit terms. Its...