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The cost of the Nabucco gas pipeline project will be set in 2012 after a decision on the preferred transportation route by the consortium of Azerbaijan's Shah Deniz has been filed, Trend cites the Head of Gas & Power in Austria's OMV, Werner Auli, as saying on Wednesday.
Turkmen President Gurbanguly Berdimuhamedov met Georgian Foreign Minister Grigory Vashadze in Ashkhabad on Thursday, Trend reports.The sides exchanged views on bilateral and multilateral cooperation, inter-state relations, energy.Iosif Chakhvashvili, Georgian Extraordinary and Plenipotentiary Ambassador to Turkmenistan, said that Turkmenistan is trying to speed up realization of the Trans-Caspian Gas Pipeline, Nabucco, Azerbaijan-Georgia-Romania Interconnector (AGRI).
Ilham Shaban, head of the Baku Center for Oil Research, said that oil extraction dropped by 10.5% for the first time in 15 years in 2011. Oil prices increased by 40%, the expert notes.
The energy deal signed between Russia and Turkey will not affect the realization of the Nabucco project, Turkish Minister for Energy and Natural Resources Taner Yildiz said, Hurriyet reports.
Botas International Limited (BIL, Turkey), operator of the Baku-Tbilisi-Ceyhan Pipeline in Turkey, has abandoned the claim against the pipeline project, Trend reports.Botas filed a lawsuit, insisting that the project caused damage of $2 billion. Turkey and Azerbaijan introduced amendments to the package of energy agreements in October 2011, including adjustments to the document on the Baku-Tbilisi-Ceyhan Pipeline.The amendments will give Turkey additional income of $3.7 billion, instead of $2 billion.
Russia and Turkey have agreed to prolong two long-term contracts on gas supply in 2012 and 2025 respectively, Russian Prime Minister Vladimir Putin said at a meeting with Turkish Minister for Energy and Natural Resources Taner Yildiz, RIA Novosti reports.
Gazprom CEO Alexey Miller and Turkish Minister for Energy Taner Yildiz met in Ankara and discussed a wide range of gas issues, 1news.az reports.
The company Botas International Limited (BIL), the operator of the Turkish section of the pipeline "Baku-Tbilisi-Ceyhan» (BTC), announced the details for the shipment of oil from the oil terminal in Ceyhan, 1news.az reports with reference to the official website of Botas. Since the beginning of shipments (June 2, 2006) 1.341 billion barrels of oil were sent.
The capacity of a new Azerbaijan-Turkey gas pipeline in the first stage will be 16 billion cubic meters. This was announced today at the signing of a Memorandum of Understanding to establish a consortium that will build a pipeline by the Energy Minister Natig Aliyev, Trend reports with reference to the Hurriyet newspaper.The minister said that in the future capacity will be increased to 24 billion cubic meters. Azerbaijan has enough energy resources to fill the pipeline, said Aliyev.
Azerbaijan and Turkey on Monday have signed a memorandum of understanding on establishment of a consortium to build a pipeline to transport gas from the Shah Deniz Field in Azerbaijan, within stage 2 of the project, through Turkey, 1news.azreports.
Turkey and Azerbaijan will sign a cooperation memorandum for establishment of a consortium to build a pipeline to transport gas from the Shah Deniz Field in Azerbaijan through Turkey on Monday.
The export deals signed on Tuesday will help Turkey purchase Azerbaijani gas and transport it to Europe, the State Oil Company of the Azerbaijani Republic (SOCAR) says.
To export most of 50 billion cubic meters of gas that Azerbaijan intends to produce by 2025, Baku and Ankara intend to build a new gas pipeline to Turkey, the President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev said on Thursday, Trend reports.
Azerbaijan and Turkey on Tuesday signed a package of gas contracts, which include the issue of the price of Azerbaijani gas for Turkey in the second stage of Shah Deniz, volume of gas supplies to Turkey from the field after 2017, as well as a transit agreement for Azerbaijani gas transportation through Turkey
Guseyn Bidarmagz, Managing Director of the Iranian National Company for Gas Export, expressed doubts about the realization of the Nabucco project, Trend reports.Iran is ready to transit Turkmen gas to Europe. The issue has already been discussed.
The launch of Nabucco, which would connect Europe with the reserves of the Caucasus and Central Asia, has been postponed by a year, OMV CEO Gerhardt Royce said. The first gas supplies will start in 2018. But construction dates have not been set.
Iran is ready to increase gas exports to Turkey after Botas cancelled a contract with Gazprom, Managing Director of the National Iranian Gas Company (NIGC) Javad Oji said, Armenia Today reports.
Talks with Botas will be concluded in the near future and a transit deal on supplies of Azerbaijani gas to Europe will be signed, SOCAR head Rovnag Abdullayev said at the 6th Eurasian Forum KAZENERGY in Astana, News Azerbaijan reports.
Gazprom proposed a contract of 6 billion cubic meters of gas to Botas (Turkey), Alexander Medvedev, deputy CEO of Gazprom and head of Gazprom Export, told RIA Novosti.
Rival European pipeline groups launched a final charm offensive on Azerbaijan to win the rights to export its gas, a day ahead of a deadline that may reshape future gas flows to Europe. Three consortiums - Nabucco, Interconnector Turkey-Greece-Italy (ITGI) and the Trans Adriatic Pipeline (TAP) - are vying to build the infrastructure to carry gas from the second phase of Azerbaijan's major Shah Deniz gas field to Europe
