Middle East Economic Survey


No 7



Turkey And Azerbaijan Agree On Sales Price For Shah Deniz Phase 1 Gas

Agreement has been reached on the price that Turkey will pay Azerbaijan for natural gas from the Shah Deniz Phase 1 development. Talks continue on the price and transport fee for natural gas that will be produced and exported to Turkey and presumably Europe when Phase 2 of the Shah Deniz development program comes into operation mid-decade. The outcome of those...