Azerbaijan delays decision for Shah Deniz II gas fields.

11/10/2010 00:42 Natural Gas

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Nabucco, the pipeline that should ensure supply of natural gas to the EU, will be delayed as Azeri take longer than expected to make a decision in which project should extract gas from the Shah Deniz II.

The 7.9 billion euro project is expected to bring about 31 billion cubic meters of gas annually by 2015. Nabucco spokesman, Christian Dolezal said that they’re currently negotiating gas supply contracts which are a basis for the final investment decision. Azerbaijan is currently analyzing about 20 offers for the project in Shah Deniz II gas fields, one of whom is Gazprom who declares offering the higher price, which is the main condition for decision making from Azeri officials.

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