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. Last Updated: 07/27/2016

Turkey May Use Pipeline To Get Gas




ISTANBUL, Turkey -- Azerbaijan may use a planned pipeline from Turkmenistan across the Caspian Sea to deliver its natural gas to Turkey and to Europe, a Shell official said.


"The Azeris may use the [trans-Caspian] pipeline to a certain degree," said Nusret Comert, gas and power general manager of Shell EP and Gas Business Development, a unit of Royal Dutch/Shell.


Comert was referring to an announcement made last month by BP Amoco which said that Azerbaijan's offshore Shakh Deniz hydrocarbon field had natural gas reserves of at least 400 billion cubic meters and possibly up to 700 bcm.


"Shell was aware of the Azeri natural gas when we joined the trans-Caspian gas pipeline project," he said in an interview.


Shell announced last Friday it would take a 50 percent stake in the ambitious $2 billion project for a 2,000 kilometer pipeline linking Turkmenistan's gas fields with Turkey via the Caspian Sea, Azerbaijan and Georgia.


The project is being developed by Power Service Group, or PSG, which includes the United States' Bechtel Enterprises and the General Electric Capital Structure Finance Group. PSG has promised to get the pipeline up an running by 2002.