VOL. XLIV

No. 21

21-May-2001

CASPIAN

Azerbaijan Parliament Ratifies Shah Deniz Gas Deal With Turkey

Azerbaijans parliament on 15 May ratified an agreement covering the sale of natural gas from the offshore Shah Deniz gas field to Turkey. Last March the presidents of Azerbaijan and Turkey signed the 15-year sale and purchase agreement in Ankara under which deliveries will begin in 2004 at 2BCM/year, increasing to 6.6BCM/y by 2007 (MEES, 19 March). The gas, whose price will be agreed quarterly,...