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.
Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, power and trading data, tenders)
Subscription fee: 800 EUR annually – company licensed
Tags: Azerbaijan, Edison, gas, gas pipeline, Italy, Region, TAP