Trend: Shah Deniz-2 project to have significant impact on economies of many countries

The investments of the second phase of development of the "Shah Deniz" gas condensate field as well as expansion and creation of gas transport infrastructure in Azerbaijan and Turkey is estimated at $46.5 billion.

Azerbaijan's Energy Minister, Natig Aliyev made the remarks in his interview with 'The Business Year-Azerbaijan 2014' magazine.

In particular, the cost of the second phase of development of the field totals approximately $ 27 billion, the expansion of the Sangachal Terminal Expansion and of the South Caucasus gas pipeline - $ 6.5 billion, and the estimated cost of construction of the Trans-Anatolian gas pipeline (TANAP) - about $ 13 billion, the minister said.

The implementation of the second phase of the Shah Deniz 2 will have a major positive impact on the economies of many countries, including Azerbaijan, Turkey, Georgia, Italy, Greece, and Azerbaijan.
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