LUKOIL reveals impact of its share boosting in Shah Deniz
Increasing share of Russia's LUKOIL in the Shah Deniz gas project in Azerbaijan to nearly 20% allowed the company to expand its foreign gas production …
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: …
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 …
Azerbaijan intends to reach multi-billion non-oil trade volume with EU
The government of Azerbaijan has revealed its plans to expand bilateral trade with the European Union
Production at Shah Deniz field's Alpha platform suspended
BP Azerbaijan said on Monday that production at its Alpha platform at the Shah Deniz gas field had been suspended on Aug. 14 for 14 days for planned maintenance. The company said last month that the suspension was due this quarter. …
Azerbaijan intends to switch to renewable energy
In mid-January, Azerbaijani and Saudi officials gathered in Baku to mark the start of construction on a 240MW wind power project. A deal had been signed for the $300m scheme, some 45km northwest of the capital, two years earlier. Not far …
Lukoil increases stake in Shah Deniz gas field
Russia's Lukoil has announced completion of the transaction of buying a 9.99% interest in the Shah-Deniz gas project from PETRONAS. The transaction value is approximately $1.45 billion. Following the completion …
Azerbaijan to help Turkey overcome shortage of Iranian gas
Azerbaijan will increase gas supplies to Turkey, deputy head of the public relations and events department at Azerbaijan's state oil company SOCAR Ibrahim Ahmadov said. Amid technical problems in gas …
Lukoil buys 15.5% of the Caspian gas project Shah Deniz from Petronas
Lukoil has signed an agreement to purchase a 15.5% stake in the Shah Deniz gas project in the Azerbaijani sector of the Caspian Sea from the Malaysian company Petronas for $ 2.25 billion, the Russian company said in a statement. The …
Energy price explosion jolts European markets
Europe is sounding the alarm as the continent continues to grapple with its energy crisis, with gas extending record highs, in line with rallying energy markets. European electricity and gas prices have rocketed this year as tight …
BP boosts offshore gas production in Azerbaijan
BP has announced the start of gas production under the second phase of the Shah Deniz offshore project in Azerbaijan’s deep-water sector of the Caspian Sea, with the UK supermajor also resuming plans to start long-discussed shallow water exploration drilling in the country
Gazprom changes strategy on Turkish direction
Before 2020, Russia was the leading gas exporter to Turkey with a market share around 33%. Few were those who predicted any sudden alterations to this order of things
Will Kazakhstan, Uzbekistan and Turkmenistan enter EU's markets with their own gas?
Central Asia possesses a significant role within the global geopolitical balance since it comprises numerous trade channels that link many businesses with millions of target customers from China to Portugal and vice-versa. Withal, by having abundant hydrocarbon potentials, the region offers tremendous opportunities to the global and local players,
Azerbaijan and Turkey to sign new gas contract?
BOTAS and the Consortium of Azerbaijani Shah Deniz gas condensate field are negotiating a new contract for the supply of gas within the first stage of the field development. According to the head of the public relations department of BP-Azerbaijan, Tamam Bayatli, due to the completion of the contract concluded in 2001, which provided for the transportation of gas in the amount of 6.6 billion cubic meters annually, supplies to Turkey within the framework of Shah Deniz-1 were terminated on April 16
Azerbaijan begins commercial gas deliveries to Europe
The Shah Deniz consortium today announced commencement of commercial gas deliveries to Europe from the Shah Deniz gas field in the Caspian Sea offshore Azerbaijan via the newly-completed Southern GasCorridor (SGC) pipeline system, accord to the …
Nagorno-Karabakh conflict endangers energy markets
Military clashes have not yet affected energy supplies from the region, but they could disrupt oil and gas exports
Prospects for Trans-Caspian pipeline
The impending completion of the Southern Gas Corridor has led to renewed interest in TCP
Europe considers doubling natural gas purchases from Azerbaijan
The final decision will be made in 2021
European Commission includes Trans-Caspian Gas Pipeline in list of priority energy projects
Turkmen gas imports remain an important part of the EU strategy
Europe expects Southern Gas Corridor to be extended
S&P Global Platts predicts the Southern Gas Corridor project to be extended in the future, analyst at S&P Global Platts James Huckstepp said. According to him, the Southern Gas Corridor project will provide the …
