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Tuesday, May 3, 2011     FOR YOUR EYES ONLY

Turkey, Azerbaijan close to deal on Central Asia natural gas pipeline

ANKARA — Turkey has been preparing to sign an agreement for the transit of natural gas from Central Asia.

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Officials said Turkey and Azerbaijan were drafting the final details of a transit gas accord from Shah Deniz-2. They said the agreement was expected to be signed by June and would include fees for fuel transportation to Europe.

Turkey has sought to play a major role in Shah Deniz-2, a $20 billion gas project in Azerbaijan's Caspian Sea.

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The project has been delayed amid diplomatic, investment and technical obstacles, including the operation of Nabucco pipeline.

Officials said Azerbaijan and Turkey have reached agreement on most issues, including transit fees. They said the two countries were negotiating on what was termed minor details, including setting an inflation index.

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