BP-Led Group Inks Supply Deals For Shah Deniz Gas Field

Law360, New York (September 19, 2013, 2:39 PM EDT) -- A BP PLC-led consortium that includes Azerbaijan state-owned energy company SOCAR has signed gas supply deals with a host of European buyers to provide up to 350 billion cubic feet of natural gas from the Shah Deniz field in the Caspian Sea annually for 25 years, SOCAR said Thursday.

The supply deals will come into effect when a final investment decision is made on the $28 billion project, which is expected by year's end. The Shah Deniz field, located off the coast of Azerbaijan, is estimated...
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