• Natural Gas News

    Reuters: Turkey expects progress this month over Total-Botas Azeri gas deal

    old

Summary

Total plans to sell 10 pct stake in Shah Deniz II -sources. Statoil has completed sale of 10 pct stake. Europe seeks alternative gas supplies

by: Sruthi

Posted in:

Press Notes

Reuters: Turkey expects progress this month over Total-Botas Azeri gas deal

Turkey's energy minister said on Wednesday he expected progress this month in a deal between France's Total and Turkish pipeline firm Botas in Azerbaijan's Shah Deniz II natural gas project.

Sources with knowledge of the matter said in February that Total planned to sell its 10 percent stake in the Shah Deniz II gas field.

"We're expecting some developments in respect with this deal this month," Turkish Energy Minister Taner Yildiz told reporters on Wednesday without providing details.

Norway's Statoil said on Tuesday that it completed the sale of a 10 percent stake in Shah Deniz II and the South Caucasus Pipeline for a consideration of $1.45 billion.
MORE