Turkey Ups Azeri Gas Imports; EU Supply Threatened
From Market Watch
Turkey said Tuesday it will increase imports of natural gas from Azerbaijan’s Shah Deniz II project, potentially threatening European pipeline projects, including the European Union-backed Nabucco, that hope to secure shipments from the field.
Turkish state gas and pipeline company Botas said it will begin purchasing gas from Azerbaijan’s Shah Deniz II–the second development phase of the Caspian Sea project operated by BP PLC (BP.LN, BP) — when it comes on stream in 2017 and lift imports to 10 billion cubic meters a year by 2020.
Turkey previously planned yearly imports of Azeri gas at six billion cubic meters.