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

Romanian Transgaz to contribute to Nabucco’s budget

Romanian Transgaz to contribute to Nabucco’s budget The shareholders of Romanian National Gas Transmission Company Transgaz S.A. sanctioned a decision to contribute to the consolidated budget of Nabucco Gas Pipeline International GmbH (NIC), Romanian ACTMedia news agency reported with the reference to a statement sent to the Bucharest Stock Exchange on Friday. According to a decision, sanctioned by Ordinary General Shareholders Meeting of Transgaz... Read More

EU can accept ‘any’ gas pipeline from Azerbaijan

EU can accept ‘any’ gas pipeline from Azerbaijan The EU energy commissioner has said that he could “live with any pipeline” from Azerbaijan despite the EU’s long-standing backing for the Nabucco project. Guenther Oettinger made the comments on the sidelines of an industry event on Monday,Reuters reported. The commissioner said he expected an agreement on gas deliveries to Europe from Azerbaijan to be reached in the next... Read More

EU expects decision on trans-Caspian pipeline by June

EU expects decision on trans-Caspian pipeline by June A final decision on whether to go ahead with the trans-Caspian pipeline project may be made in June, EU Energy Commissioner Gunther Oettinger told Russian Interfax news agency. Oettinger said the negotiations between the European Commission and Turkmen and Azerbaijani officials were “intensive” yet “constructive”. He added that the next meeting on the project will take place... Read More

Is there optimism for Nabucco?

Is there optimism for Nabucco? The Nabucco project is optimistic about a decision by the consortium developing Azerbaijan’s Shahdaniz gas field to select a pipeline for Azerbaijani gas exports to Europe, Nabucco Gas Pipeline International GmbH Managing Director Reinhard Mitschek said in an interview with the Baku-based Trend news agency. “We are optimistic that the partners in the Shahdaniz consortium will make a decision as soon as possible,”... Read More