The Winner is TAP: The EU’s Failed Policy in the South Caucasus

The Winner is TAP: The EU’s Failed Policy in the South Caucasus Istituto Affari Internazionali, one of leading Italian think tanks have recently distributed article on the selection of Trans-Adriatic Pipeline (TAP) which titled as “The Winner is TAP: The EU’s Failed Policy in the South Caucasus ” where cited CESD reports. The article analyzed main reasons of the selection of TAP and what extent the EU has truly met these goals Download Full... Read More

Construction of TAP gas pipe for export of Azeri gas to Europe to commence only in 2015

Construction of TAP gas pipe for export of Azeri gas to Europe to commence only in 2015 Final investment decision expected in 2013 on framework of full-scale development of Shah Deniz (SD FFD) will not accelerate construction of Trans-Adriatic gas pipe line (TAP pipeline) at all, selected for export of Azeri gas to Europe. The Consortium for Construction of TAP pipeline states that, laying of pipeline is scheduled to start in 2015, in order to provide... Read More

TAP Defeated Nabuco-West

TAP Defeated Nabuco-West The Shah-Deniz Consortium will announce the decision on the development of a pipeline to transport Shah-Deniz 2 natural gas to Europe on June 28, 2012. The BP-led group developing Azerbaijan’s vast gas reserves has chosen the Trans Adriatic Pipeline (Tap) via Greece to link to Europe, defeating the Nabucco West consortium, which had backed a route to Austria. The project reflects a European Union push for alternatives... Read More

Azerbaijan to double gas export to Russia

Azerbaijan to double gas export to Russia Azerbaijan plans to supply 3bn cubic meters of natural gas in 2013- the statement came from president of the State Oil Company of Azerbaijan Rovnag Abdullayev. “We have a contract with Gazprom on supplies of 3bn cubic meters of gas a year. In 2012, SOCAR supplied Russia with only 1.5bn cubic meters of gas. This is due to the reduced consumption of gas in summer. As for the increase in the volumes of... Read More

Botas pays compensation to Azerbaijan for gas

Botas pays compensation to Azerbaijan for gas The Turkish state pipeline company Botas paid Azerbaijan 186 million liras as part of its obligation on gas agreements signed on a ‘take or pay’ principle, Samanyoluhaber reports on Tuesday, citing sources in the Ministry of Energy and Natural Resources. Botas also paid 1.4 billion liras for unwithdrawn gas to Russia, and 1.3 billion liras to Iran. In 2011, the Turkish State Pipeline Company... Read More

1 trillion cm of gas extracted in Shah Deniz

1 trillion cm of gas extracted in Shah Deniz In 1997-2011, 1.9 bn barrels of oil were extracted from Azeri-Chirag-Guneshli fields, said the BP-Azerbaijan’s report on Sustainable Development. Along with summary of business activity of BP in Azerbaijan during 2011, performances in economic and social spheres were reflected in the report, APA reports. Report says that, 1 trillion cm of gas has been extracted from Shah Deniz so far.  Read More

EU wants ambitious and long-term solution to Southern Gas Corridor

EU wants ambitious and long-term solution to Southern Gas Corridor The European Union wants an ambitious and long-term solution to the Southern Gas Corridor and wants to see unified transportation framework for the shipping the Shah Deniz-2 gas, off other prospective Azerbaijani gas and eventually also Turkmen gas in the future, head of the EU delegation to Azerbaijan, Ambassador Roland Kobia said at a press conference in Baku on March, 06, 2012. Kobia... Read More

New Trans-Caspian Project?

New Trans-Caspian Project? Azerbaijan, Turkmenistan and the European Union are drafting two documents that will allow to deliver Caspian and in particular Turkmen gas to Europe, Azerbaijani Energy Minister Natig Aliyev said on Wednesday. According to him, the two resource-rich Caspian littoral states and the EU are expected to complete the preparation of a political document to support the Southern Gas Corridor of pipelines, as well as an inter-governmental... Read More

EU: Azeri gas decision will be made by the second half of year

EU: Azeri gas decision will be made by the second half of year The European Union’s Energy Commissioner Guenther Oettinger expects an agreement on gas deliveries to Europe from Azerbaijan to be reached in the next two to three months, Reuters reported. “There will be gas deliveries from Azerbaijan,” he said on Monday on the sidelines of an industry event, adding it was open whether the RWE-backed Nabucco consortium would be chosen... Read More

New gas pipeline deal

New gas pipeline deal Turkey and Azerbaijan signed on Monday an agreement to build a pipeline to carry 10 billion cubic metres of Azeri gas to European markets starting in 2017, the Anatolia news agency reported. The deal comes as the EU’s plans to build the so-called Nabucco pipeline across Turkey to bring in Caspian Sea gas and reduce Europe’s dependence on Russia has struggled to sign up suppliers. The accord on building the $5-billion... Read More