Is new gas field?

Is new gas field? Azerbaijan’s state energy company Socar will start drilling a new well at the major Umid gas condensate field in the Azerbaijani sector of the Caspian Sea by mid-2012, a source at the company told local news agency Trend on Monday. The process of drilling the third well will start in May or June 2012, the source said. “Work on drilling the second well has already completed, and after completion of development, drilling of the... Read More

Will TANAP replace Nabucco project?

Will TANAP replace Nabucco project? Azerbaijan-Turkish Trans Anatolian Pipeline (TANAP) with initial capacity of 16 billion cubic meters, can be expanded and replace the Nabucco project to transport natural gas only to the EU, Anadolu agency quotes the European Commission’s report sent to member countries’ partners on the energy sector. The European Commission said the EU needs a pipeline to transport Azerbaijani gas to Europe through... Read More