Middle East Economic Survey
VOL. LIV
No 15
8-Apr-2011
CASPIAN
Socar And DEPA Finalize Direct Gas Sales Agreement
Nearly four years after Azeri gas was first delivered to European Union countries via the 3 bcm/year capacity Interconnector Turkey-Greece (ITG) pipeline, Azerbaijan and Greece on 4 April signed a memorandum of understanding for direct gas sales. Up to 700mn cu ms per year of Azeri gas has so far been exported to Greece under a re-export agreement between Greek utility DEPA and...
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