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Azerbaijan sets up state commission to oversee gas supplies to global markets.

October 29, 2013, 21:49 UTC+3

It is planned to begin pumping gas from Shah Deniz to Europe from 2019

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BAKU, October 29 (Itar-Tass) - President of Azerbaijan Ilham Aliyev on Tuesday signed a decree establishing a state commission that will be tasked to settle issues linked with the pumping of Azerbaijani gas to global markets via the Southern gas corridor. Yagub Eiyubov was appointed head of the commission.

The commission, according to the decree, has been set up to protect Azerbaijan’s interests in projects for the development of the gas condensate field Shah Deniz, and for the construction of the Trans-Anatolian and Trans-Adriatic Pipelines meant to pump Azerbaijani gas to Europe. The commission will also be responsible for coordination of actions of project participants, settlement of problems that might arise and for creating favourable conditions for the projects’ implementation.

Shah Deniz is believed to have 1.2 trillion cubic metres of gas reserves. It is planned to begin pumping gas from Shah Deniz to Europe from 2019.

In late June, the Shah Deniz consortium announced that it had chosen the Trans-Adriatic Pipeline project to transport its gas to the European markets. Initially, the pipeline’s capacity will be ten billion cubic metres a year, which can be subsequently increased to 20 billion cubic metres. The Trans-Anatolian Pipeline that will traverse Turkey from its eastern to the western borders will be another major element of the system of Azerbaijani gas supplies to Europe.

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