ENERGY - Azerbaijan opens 'strategic door' to send gas to Europe

ENERGY - Azerbaijan opens 'strategic door' to send gas to Europe:

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The Shah Deniz II consortium signed off on the final decision
worth about $28 billion (20 billion euros) of investment that
triggers the start of construction of a key new pipeline
route from the Caspian Sea to Europe. AA Photo

The consortium developing a huge Azerbaijani natural gas field signed on Tuesday a final investment clearing the way for the first deliveries to Europe and opening up a key route beyond Russia.

The Shah Deniz II consortium signed off on the final decision worth about $28 billion (20 billion euros) of investment that triggers the start of construction of a key new pipeline route from the Caspian Sea to Europe.

Six billion cubic metres of natural gas will go to Turkey and Georgia from 2018 and the rest will go to Europe from around 2019, according to the consortium which includes Britain's BP and Azerbaijan's SOCAR."

'via Blog this'