[ad_1] Turkey and Azerbaijan are preparing to start laying a gas pipeline to Nakhchivan (a landlocked exclave of Azerbaijan), Report informs, citing an interview of the Turkish Energy and Natural Resources Minister Fatih Dönmez with Anadolu News Agency. The Turkish minister noted that he had already signed a memorandum of understanding with his Azerbaijani counterpart:… Continue reading Turkey preparing to start laying gas pipeline to Azerbaijan’s Nakhchivan
Tag: gas
Azerbaijan exports 2.2B cubic meters of gas via TANAP to Turkey
[ad_1] From January through May this year, Azerbaijan exported 4.2 billion cubic meters of gas to Turkey, Report informs referring to the Energy Ministry data on oil and gas production in the country for January-May this year. During this period, 2.2 billion cubic meters of gas were supplied to Turkey via the Trans-Anatolian Natural Gas… Continue reading Azerbaijan exports 2.2B cubic meters of gas via TANAP to Turkey
BP to stick with oil and gas for decades, CEO says
[ad_1] BP will continue producing hydrocarbons for decades to come and will benefit from rising oil prices even as it reduces output as part of its shift to low-carbon energy, BP CEO Bernard Looney told Reuters, Report informs. The recent rally in crude prices, which climbed on Tuesday to a more than two-year high above… Continue reading BP to stick with oil and gas for decades, CEO says
EC allocates €166.7 million to Greece for transportation of Shah Deniz gas
[ad_1] The European Commission has approved, under EU State aid rules, a €166.7 million Greek support measure for the construction of a new liquid natural gas (“LNG”) terminal in Alexandroupolis, Greece, Report informs, citing Greek media. The project will contribute to the security and diversification of energy supplies in Greece and, more generally, in Southeast… Continue reading EC allocates €166.7 million to Greece for transportation of Shah Deniz gas
IMF: SGC pipeline to boost exports of natural gas, mitigating decline in oil production
[ad_1] Risks to the outlook of the Azerbaijani economy are broadly balanced, although uncertainty about the future of the pandemic remains high, Report informs referring to a report by the International Monetary Fund (IMF) following consultations with the Azerbaijani government under Article IV of the IMF’s Articles of Agreement. “Vaccination is expected to help defeat… Continue reading IMF: SGC pipeline to boost exports of natural gas, mitigating decline in oil production
Azerbaijan reaching maximum volumes of gas pumping via Southern Gas Corridor to Europe
[ad_1] Gas supplies via the Southern Gas Corridor from Azerbaijan to Europe are going at almost maximum design capacity, Report informs referring to EADaily. On the one hand, in 2021, gas pumping was planned at half capacity. On the other hand, negotiations with Turkey regarding the extension of one of the contracts are still ongoing,… Continue reading Azerbaijan reaching maximum volumes of gas pumping via Southern Gas Corridor to Europe
India to increase LNG share in gas consumption to 70%
[ad_1] The share of liquefied natural gas (LNG) in India’s gas consumption could rise to 70 percent from the current 50 percent in 10 years, and new import terminals are needed, Report informs, referring to Reuters. Indian Prime Minister Narendra Modi has set a target to raise the share of natural gas in the country’s… Continue reading India to increase LNG share in gas consumption to 70%
8 detained over fatal gas explosion in central China
[ad_1] Eight suspects have been detained in connection with a gas explosion that killed 25 in central China’s Hubei Province, authorities said Friday, Report informs, citing Xinhua. The general manager of the gas company surnamed Huang is among the detained, according to a statement issued by the city government of Shiyan. An initial investigation found… Continue reading 8 detained over fatal gas explosion in central China
Azerbaijan and Ukraine to jointly invest in oil and gas projects
[ad_1] Today, the Ukrainian-Azerbaijani working group on energy cooperation held the 4th meeting through video conferencing, Report informs, citing the Ukrainian Embassy in Azerbaijan. The meeting was chaired by Deputy Minister of Energy of Ukraine Yaroslav Demchenko and Deputy Minister of Energy of Azerbaijan Kamal Abbasov. The sides assessed the level of bilateral cooperation and… Continue reading Azerbaijan and Ukraine to jointly invest in oil and gas projects
Azerbaijan sees nearly 8% rise in marketable gas production
[ad_1] Azerbaijan produced 14,309,000 tons of crude oil, including gas condensate, in January-May 2021. Report informs citing the State Statistical Committee that marketable oil amounted to 14,282,000 tons of this volume, down 5.9% from the previous year. Oil production dropped 5.8% in comparison to a year earlier. In the reporting period, the country produced 17,000,300,000… Continue reading Azerbaijan sees nearly 8% rise in marketable gas production