Shah Deniz

Azerbaijan intends to switch to renewable energy

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

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 …

Energy price explosion jolts European markets

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 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

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?

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?

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

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 …

Europe expects Southern Gas Corridor to be extended

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 …

TANAP grows stronger

TANAP grows stronger

TANAP delivers 2.39 billion cubic meters of gas to Turkey as of August

TAP project 88.8% completed

TAP project 88.8% completed

The Trans Adriatic Pipeline (TAP) project is 88.8% completed as of late July 2019, according to the updated data published on the website of TAP AG consortium. "TAP is currently moving further into the project construction …

Shah Deniz 2 awarded by Royal Academy of Engineering

Shah Deniz 2 awarded by Royal Academy of Engineering

The engineers behind the Shah Deniz 2 project have received the Royal Academy of Engineering’s Major Project Award for 2019 for their collaboration to deliver this complex major offshore, onshore and pipeline gas development project, …