Azerbaijani oil and gas

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Parviz Shahbazov: Caspian region becomes energy hub

Parviz Shahbazov: Caspian region becomes energy hub

The Caspian region has geostrategically become an energy hub, Azerbaijani Energy Minister Parviz Shahbazov said during the Baku Energy Week. According to him, Azerbaijan has strengthened its role in ensuring the energy security of …

28th Baku Energy Week kicks off in Azerbaijan

28th Baku Energy Week kicks off in Azerbaijan

The 28th International Caspian Oil&Gas Exhibition (Caspian Oil & Gas) and the 11th Caspian International Power and Green Energy Exhibition (Caspian Power) within the framework of the 28th Baku Energy Week have opened today at the …

How much gas Azerbaijan produces and who buys it

How much gas Azerbaijan produces and who buys it

Gas production in Azerbaijan increased by 2.6% to 16.2 billion cubic meters from January through April 2023, Azerbaijani Minister of Energy Parviz Shahbazov said. According to the minister, Azerbaijan exported to foreign markets over …

Azerbaijan expects more gas from Shah Deniz

Azerbaijan expects more gas from Shah Deniz

Azerbaijan expects more gas from the new phase of Shah Deniz in four years’ time, President of Azerbaijan Ilham Aliyev said, addressing the 4th international conference on “Shaping the Geopolitics of the Greater Eurasia: …

Azerbaijan and Türkiye to supply Europe with gas

Azerbaijan and Türkiye to supply Europe with gas

Turkey's Parliament has started the process of amending legislation which is necessary for the start of the international gas trade center, Turkish Minister of Energy and Natural Resources Fatih Dönmez said. Dönmez …

Azerbaijan to export 24.5 billion cubic meters of gas

Azerbaijan to export 24.5 billion cubic meters of gas

Azerbaijan plans to export 24.5 billion cubic meters of gas in 2023, Azerbaijani Energy Minister Parviz Shahbazov said during the third meeting of the ministers of the Organization of Turkic States (OTS). According to the minister, …

Ankara, Baku ready to supply Hungary with gas

Ankara, Baku ready to supply Hungary with gas

Recep Tayyip Erdoğan announced the readiness of Azerbaijan and Türkiye to supply gas to Hungary through the TANAP pipeline. He noted that Ankara and Baku are moving towards this goal. Turkish leader …

Azerbaijan exports 15 billion euros worth of gas to EU

Azerbaijan exports 15 billion euros worth of gas to EU

The European Union countries spent 15.6 billion euros on purchasing gas from Azerbaijan supplied in 2022, according to Eurostat. According to the data, Azerbaijani gas cost 13.2 billion euros for Italy, 1.9 billion euros for …

Demand for Azerbaijani gas increases in Italy

Demand for Azerbaijani gas increases in Italy

Azerbaijan last year exported to Italy over 8 billion thousand cubic meters of gas worth $11.5 billion. This is the largest volume of gas exports - 43.3% of all deliveries. The export of gas volumes declared at the customs from …

Azerbaijan to supply gas to four EU countries

Azerbaijan to supply gas to four EU countries

Four EU countries - Slovakia, Hungary, Romania and Bulgaria - are setting up a working group for the project to boost Azerbaijani gas imports, Slovakian Ministry of Economy said. These countries have asked the European Commission to …

Azerbaijan dramatically increases gas exports to Europe

Azerbaijan dramatically increases gas exports to Europe

Azerbaijan exported one billion cubic meters (bcm) of gas to Europe in January 2023, Azerbaijani Energy Minister Parviz Shahbazov said. According to Shahbazov, gas export to Türkiye in January this year amounted to 0.9 billion bcm, …

Azerbaijan to double gas export in 4 years

Azerbaijan to double gas export in 4 years

Gas exports to European countries will be doubled by 2027, President of Azerbaijan Ilham Aliyev said at the 9th Southern Gas Corridor Advisory Council Ministerial Meeting and the 1st Ministerial Meeting of the first Green Energy Advisory Council …

Shahdeniz to reach peak production this year

Shahdeniz to reach peak production this year

The "Shahdeniz" gas-condensate field will reach its peak production in 2023, BP vice president for communications and external relations in the Caspian and Middle …

EU countries ask to finance additional gas from Azerbaijan

EU countries ask to finance additional gas from Azerbaijan

The European Commission was requested by four EU countries to allocate funds for developing infrastructure to get additional natural gas from Azerbaijan. These are Bulgaria, Hungary, Romania and Slovakia, which do not have enough funds to develop their own gas transmission systems.

Hungary and Turkey begin talks on expanding gas supplies

Hungary and Turkey begin talks on expanding gas supplies

The Hungarian company MVM has started commercial negotiations with its partners from Turkey to expand gas supplies by means of Azerbaijani gas, as well as liquefied natural gas (LNG) delivered to Turkish seaports, Hungarian Minister of Foreign …

Ilham Aliyev: Azerbaijan will increase gas exports

Ilham Aliyev: Azerbaijan will increase gas exports

Azerbaijan plans to export 24 billion cubic meters of gas in 2023, Azerbaijani President Ilham Aliyev said in an interview with local TV channels on Tuesday. According to him, half of this volume falls on the European market. "If …

Azerbaijan starts gas supplies to Romania

Azerbaijan starts gas supplies to Romania

On January 1, Romania began to receive Azerbaijani gas in accordance with the agreement signed between SOCAR and Romgas S.A. on December 16 last year. Deliveries are carried out via the "Southern Gas Corridor" through the …