Divergence over Nabucco’ s Cost

Divergence over Nabucco’ s Cost Nabucco Gas Pipeline International GmbH Managing Director Reinhard Mitschek said that the natural gas link’s revised costs “won’t be far away” from the existing 7.9 billion-euro ($11 billion) price tag, Bloomberg reported. Mitschek, speaking in an interview in Istanbul, couldn’t say when a new cost figure would be announced. Nabucco expects gas supply deals to be signed in November, and the so-called open season to start in “spring... Read More

Agreements between Azerbaijan and Turkey to help open South Gas corridor?

Agreements between Azerbaijan and Turkey to help open South Gas corridor? Azerbaijan and Turkey signed a number of export agreements. On 25 October, Azerbaijan and Turkey signed a number of export agreements that allow Turkey to buy gas from Azerbaijan and transport it through neighboring countries to Europe. According to a statement posted on the official website of the State Oil Company of Azerbaijan (SOCAR),  the signed package of documents includes: – An intergovernmental... Read More