| BAKU, Sept 18
BAKU, Sept 18 The Shah Deniz offshore gas field
led by BP could end up pumping significantly more gas
than currently planned when a second stage of the project comes
online in 2017, Azerbaijan's energy minister said on Tuesday.
Shah Deniz 2, as the expansion project is called, is
currently targeting output of 16 billion cubic metres of natural
gas per year, most of which will go to Europe and help reduce
the continent's reliance on Russian gas.
However, Industry and Energy Minister Natik Aliyev said that
this estimate was conservative and that he believed the field
had the capacity to produce much more.
"In my mind it will be maybe 20-25 (bcm)," he told reporters
at the sidelines of the Oil, Gas and Media conference in Baku,
citing his experience as a geologist and knowledge of fields
with similar characteristics in Russia.
The Shah Deniz field, which is already producing gas from
its first stage, has more than 1 trillion cubic metres of gas in
place, BP said on its website.
BP holds a 25.5 percent stake, as does Norway's Statoil
. Other shareholders include Azerbaijan state oil
company SOCAR, Russia's LUKOIL, Iran's NICO and
France's Total SA.
The consortium has been examining whether to back a pipeline
route to Europe across the Adriatic or via the Balkans, and said
it planned to announce a decision next year.
However, Aliyev said the Trans-Anatolian pipeline that will
bring the gas across Turkey could end up having both westward
and north-bound spurs.
"Maybe it is both of them," he said.
"We have a lot of resources now," he added, citing the
potentially higher-than-forecast Shah Deniz 2 output and new
BP declined immediate comment.