Azeri gas in Europe

The Azerbaijan Shah Deniz natural gas production consortium announced its conditions for selling Azeri gas in Europe on September 19. The consortium has taken 25-year liabilities; the overall price of the contract is over $100 billion USD. Nine companies participating in the consortium will provide the natural gas to European countries. The gas pipeline will be 3.5 thousand km long. The project should be finished by 2019.

With this decision, it becomes clear that the NABUCCO project is over and the so-called south corridor will enter the game. The work will presumably start in summer of 2014.