No 50



Greece Agrees To Purchase Azerbaijani Gas Starting 2006

The president of Azerbaijans state-owned oil company Socar, Natiq Aliyev, said in Baku on 11 December that Greece had agreed starting in 2006 to purchase 500mn cu ms/year of natural gas produced at the offshore Shah Deniz gasfield and had taken an option to boost this to 1bcm/year. The agreement, described as preliminary, was reached following talks in Athens between Socar and the Greek Public Gas...