Italy's ENI has suggested that Azerbaijani state oil company SOCAR take part in exporting compressed natural gas (CNG) from Turkmenistan to Europe.
Vagif Aliyev, head of SOCAR's Investment Department, said that ENI was proposing to transport between 6bn and 8bn cubic metres of gas a year.
He announced the proposals at the Caspian Oil & Gas Conference today.
'On the one hand, they want to know our opinion about this idea, and we told them that we are ready to provide favourable transit conditions. On the other hand, they suggest carrying out the project together. We have coordinated a SOCAR-ENI joint working group to study the project in full – the technical, legal and commercial aspects. This is not a small volume of gas and if no problems appear in the offshore transportation, then a pipeline needs to be sorted out for its further transportation after decompression. ENI is proposing at present to deliver the gas to Baku, to decompress it and to supply it to Europe, but without specifying a route. This volume can hardly be carried by rail, and it means that a pipeline will be needed,' Aliyev said.
The idea was put forward yesterday by ENI Senior Vice President Daniele De Giovanni during his meeting with SOCAR President Rovnag Abdullayev.
Fineko/abc.az
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