Azerbaijan increases natural gas export by 57%

[ad_1] In January-June of this year, according to the customs declarations, Azerbaijan exported 10.379 bn cubic meters of natural gas, Report informs, citing the statistics of the State Customs Committee. According to the information, in the past six months, the value of these export volumes made $1.586 bn. In January-June of this year, the volume… Continue reading Azerbaijan increases natural gas export by 57%

TAP’s shareholder to participate in construction of new gas pipeline in Albania

[ad_1] Excelerate Energy L.P. (Excelerate), Snam S.p.A (Snam) and Albgaz Sh.a (Albgaz) today signed a Memorandum of Understanding (MOU), in Tirana, Albania, to explore potential cooperation for the construction of a natural gas pipeline from the Albanian Vlora Terminal to other natural gas infrastructure opportunities in Albania. Under this MOU, Excelerate, Snam, and Albgaz will… Continue reading TAP’s shareholder to participate in construction of new gas pipeline in Albania

SOCAR New Energy sign term contracts with Ukrainian gas traders

[ad_1] SOCAR New Energy, an exclusive supplier of Rosneft’s oil products to Ukraine, has signed TERM contracts on the supply of autogas with Ukrainian traders of liquefied hydrocarbon gas, Report informs, citing enkorr. SOCAR New Energy intends to supply 37,000 tonnes of liquefied hydrocarbon gas to Ukraine monthly and sold the entire volume in the… Continue reading SOCAR New Energy sign term contracts with Ukrainian gas traders

Turkmenistan to establish underground gas storage facilities

[ad_1] The polymer plant in Kiyanly and the gas chemical complex for the production of synthetic gasoline in Akhal have been transferred from the Turkmengaz State Concern to the Turkmenkhimiya State Concern. Report informs that this decision was made to increase efficiency in the management of enterprises and optimize the industrial structure of the Turkmen… Continue reading Turkmenistan to establish underground gas storage facilities

TAP to construct first gas exit point in Albania

[ad_1] On 6 July 2021, Trans Adriatic Pipeline (TAP) AG, the Albanian Ministry of Infrastructure and Energy and Albgaz Sh.a. signed a Cooperation and Handover Agreement on the Fier South Facility. TAP will design, procure and construct the Fier gas exit point, a multimillion Euro investment in the country, Report informs, citing TAP. According to… Continue reading TAP to construct first gas exit point in Albania

Will SOCAR own new network of gas stations in Ukraine?

[ad_1] The Glusco filling stations network in Ukraine has resumed its work from today. Report informs citing Ukrainian media that the reason for the network’s resumption was the change in the company’s ownership. Now, the State Oil Company of Azerbaijan (SOCAR) owns the network. “It is a maintenance launch to check the system. We hope… Continue reading Will SOCAR own new network of gas stations in Ukraine?

TAP expected to export more than 5 bcm of natural gas this year 

[ad_1] Approximately 3 bcm of natural gas has been exported via TAP in the first half of 2021, and flows are set to exceed 5 bcm in 2021 as a whole, Report informs, referring to the International Energy Agency (IEA). According to the IEA, Europe’s net pipeline imports declined by over 10% in 2020, owing… Continue reading TAP expected to export more than 5 bcm of natural gas this year 

IEA: Global demand for natural gas to grow by 3.6%

[ad_1] The International Energy Agency (IEA) predicts a 3.6% growth in global demand for natural gas this year, Report informs via foreign media. Besides, the agency expects the demand to rise by 1.7% in 2022-2024. The IEA believes that while the Paris Agreement, signed by more than 190 countries to limit temperature increases to 1.5… Continue reading IEA: Global demand for natural gas to grow by 3.6%

Ilham Aliyev: Azerbaijan highly appreciates US support for successful completion of Southern Gas Corridor

[ad_1] “As we approach the 30th anniversary of establishing diplomatic ties between the Republic of Azerbaijan and the United States of America, our partnership relations, strategic by nature in different areas, the growth dynamic of our bilateral ties are gratifying,” Azerbaijani President Ilham Aliyev said in a letter sent to the US President Joe Biden.… Continue reading Ilham Aliyev: Azerbaijan highly appreciates US support for successful completion of Southern Gas Corridor

Tariff Council makes decision on natural gas prices

[ad_1] Tariff (Price) Council held a meeting today, Report informs. The meeting considered the appeal of the State Oil Company of Azerbaijan (SOCAR) appeal and made a relevant decision. By the unanimous decision of the council members, the tariff for up to 1200 m3 (including 1200 m3) of the annual consumption of natural gas for… Continue reading Tariff Council makes decision on natural gas prices