Gas price slump worries major producers

Gas price slump worries major producers Members of the Gas Exporting Countries Forum (GECF) ended their 13th ministerial meeting and their first summit last week in Doha amid concern about natural gas prices that have been falling since the global financial crisis of 2008. World gas demand fell by 2.1 per cent from its 2008 level but recovered and rose by 7.3 per cent in 2010 mainly due increase in Japan’s LNG imports in the wake of the Fukushima nuclear crisis. Although... Read More

Cost of Baku-Tbilisi-Kars railway project increased 3.3 times

Cost of Baku-Tbilisi-Kars railway project increased 3.3 times CESD regional monitoring sparks probe into over-estimation of project costs Cost of Baku-Tbilisi-Kars railway project increased again in November, 2011. The cost of the project reached $ 1 billion 252 million which initially was $ 420 million. The project cost increased 3.3 times compare starting cost of project, without proofing any severe reasons- announced Center for Economic and Social Development (CESD), Azerbaijan.... Read More