State Oil Company of Azerbaijan (SOCAR) announced that the Spanish company Gas Natural Fenosa has transferred its obligations under the deal on gas sale within the Shah Deniz 2 project to the Italian company Edison.
Edison acquired the right to supply gas within the Shah Deniz 2 project for a period of 25 years. The gas supplies will be launched in 2020 after construction of the Trans Adriatic (TAP) gas pipeline is completed. This step is part of a major agreement on purchase of the Gas Natural Vendita Italia gas distribution network by Edison. The transfer of the right to sell gas from the Shah Deniz 2 from Gas Natural Fenosa to Edison is one of the key conditions of this deal.
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