BRITISH TOP DIPLOMAT TO VISIT BAKU
British Foreign Secretary William Hague will arrive in Azerbaijan next week.

Hague will visit the country to attend a ceremony over the final investment decision as part of the second phase of developing the Azerbaijani gas condensate field Shah Deniz, the British embassy in Baku told Trend news agency.

During the visit, the minister will meet with Azerbaijani officials and discuss bilateral cooperation issues.
A final investment decision is planned to be made on December 17.

In late June, the Shah Deniz consortium announced the selection of TAP as the main route for transporting its gas to Europe. Another pipeline which was vying for Azerbaijani gas transportation to Europe was Nabucco West.

Shah Deniz, estimated to contain 1.2 trillion cubic meters of gas, is operated by the London-based BP. Partners include SOCAR, Statoil, Total, Lukoil, NICO and TPAO. Last year, the partners extended the Shah Deniz contract for another five years, till 2036.

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485 reads | 14.12.2013
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