Middle East Economic Survey

VOL. LIII

No 37

13-Sep-2010

CASPIAN

OMV And RWE Announce Start Of Official Talks For Shah Deniz 2 Gas

Austrian Secretary of State for Finance Reinhold Lopatka told reporters in Vienna on 2 September that partially state-owned OMV has begun official negotiations with Azeri state firm Socar for the purchase of 10 bcm/year of gas for supply to Europe from the second phase of development of the Shah Deniz gas field. He said the basis of the talks would be the terms agreed...