Azeris must hurry to supply gas to Turkey

10/18/1999
Click here to enlarge imageBP Amoco PLC's Shah Deniz gas find in the Caspian Sea off Azerbaijan has created a new potential supplier to join the fight over Turkey's fast-growing market.This is the view of Wood Mackenzie Consultants Ltd., Edinburgh, which pegs the field's estimated reserves at 14-24 tcf of gas and up to 550 million bbl of condensate (OGJ, July 19, 1999, p. 35)."Such reserves could deliver production rates in excess of 15 billion cu m/yearellipse" said the analyst."Azerbaijan is competing with a number of producers with which Tur- key has contracted or signed MOUs (memorandums of understanding) in the past 4 years for gas suppliesellipseby pipeline or as LNG."...
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