The first gas was extracted on November 10 according to the Azerbaijan State Oil Company. Shah Deniz holds estimated reserves of 1 trillion cubic meters of gas, and is expected to produce between 5-6 billion cubic meters in 2007 and 8 billion cubic meters the following year. It remains unclear how much of that gas will be used for domestic consumption and how much will be exported, and at what price, to Turkey and Georgia. Georgia will be entitled to 5 percent of the Shah Deniz gas exported via the Baku-Tbilisi-Erzerum pipeline in lieu of transit tariffs, and may purchase an additional 5 percent of the total exported at the price of $55 per 1,000 cubic meters. To date, Baku has rejected Georgian requests for a guaranteed increase in the amount of gas it may purchase (RFE/RL)