Does Nabucco have many uncertainties?

Does Nabucco have many uncertainties? Nabucco gas pipeline project, which is designed to transport gas from the Caspian region and Middle East to the European countries, has many uncertanties, Bloomberg reported with the reference to Hungarian company Mol. “There are “many uncertainties around the Nabucco project that would be hard to ignore,” Mol said. Earlier Hungarian Prime Minister Viktor Orban said that Mol is leaving Nabucco project. “I’m not... Read More

Is TAP only realistic option for Azerbaijan’s gas supply?

Is TAP only realistic option for Azerbaijan’s gas supply? Trans Adriatic Pipeline (TAP) provides the only commercially and strategically realistic option of enabling gas to reach the South Eastern Europe (SEE) markets, TAP External Affairs and Communications Director, Michael Hoffmann said in interview to Natural Gas Europe. “It is important that the SEE region is well prepared in the event of a disruption in gas supply,” Hoffmann said. According to Hoffmann,... Read More

CESD Recommendations Approved

CESD Recommendations Approved The State Committee on Standardization, Metrology and Patents of Azerbaijan has approved five new standards in information technologies and RaD sphere. Two of them have been developed by the Center for Economic and Social Development (CESD). CESD worked with the Azerbaijan Institute of Standards, the State Committee’s department of technical regulation and standardization, the metrology department, and the technical committee for ecology, according... Read More

Moody’s upgraded rating of Azerbaijan

Moody’s upgraded rating of Azerbaijan Moody’s Investors Service has today upgraded Azerbaijan’s foreign- and local-currency government issuer ratings by one notch to Baa3 from Ba1. The rating outlook is now stable, APA reports. The main drivers of this rating action were: (i) the ongoing strengthening in the government’s finances, as reflected in the rapid accumulation of foreign assets by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan... Read More

Shah Deniz 2 gas project starts officially

Shah Deniz 2 gas project starts officially The consortium developing Azerbaijan’s giant Shah Deniz gas field has announced the start of Front End Engineering and Design for the second stage of the project. The announcement of the important milestone was not accompanied by an announcement of the chosen route to export Shah Deniz 2 gas from the Turkish border to Europe. The three bidders still in the running to export Shah Deniz 2 gas will now have to wait until 2013 for... Read More