Turkey, Azerbaijan sign pipeline deal

Turkey and Azerbaijan on Monday signed an agreement to establish a consortium that would build a pipeline to transport 16 billion cubic meters (565 billion cubic feet) per year of Azeri gas to Turkey and Europe.         

The two countries' energy ministers signed a memorandum of understanding for a consortium between Azerbaijan's state energy company SOCAR, Turkey's state-run pipeline company BOTAS, and the Turkish petroleum company TPAO. The deal allows other oil and gas companies to join the consortium.         

The projected pipeline, the Trans Anadolu, would carry gas from Azerbaijan's Shah Deniz II field, across Turkey.         
The deal comes at a time when officials are dithering over plans for the construction of the European Union-backed Nabucco pipeline project aimed at reducing the bloc's deliveries from Russia. The project is slated to ship gas from the Caspian region through southern Europe to Austria, but its viability has been called into question amid doubts that enough suppliers can be found to fill the pipeline.     

AP