BAKU, Azerbaijan, June 4 (UPI) -- Iran moved forward with proposals to purchase the entire gas volume from the Azeri offshore Shah Deniz gas field, the Azeri energy minister said.
The Shah Deniz gas field in the Caspian Sea is one of the largest finds in recent decades, with roughly 15 trillion cubic feet of natural gas reserves.
There are seven countries, including supermajors BP and the French Total
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While recognizing the Azeri option for diverse partnerships
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"There are a lot of proposals on the purchase of gas from the Shah Deniz deposit. For example, Iran has now proposed purchasing the entire gas amount from this deposit," he said. "However
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Reza Hosseini
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"We can create conditions to export the Azerbaijani gas to Turkey via Iran
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His comments come on the heels of a proposal by Russian gas monopoly Gazprom to make a similar offer. Aliyev said the State Oil Co. of the Azerbaijan Republic was in talks with the energy giant on gas purchases
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"However, this is a lengthy process as it involves long-term rather than short-lived cooperation," he said. "That is why, negotiations with Gazprom will continue."