BP seeks stake in pipeline to export Azerbaijani gas

BP seeks stake in pipeline to export Azerbaijani gas BP is interested in acquiring a significant share in the Trans Adriatic Pipeline (TAP) or Nabucco-West pipeline projects seeking to supply Azerbaijani gas to Europe, the company`s vice-president for development of Azerbaijan`s Shah Deniz gas field, Al Cook, was quoted as saying by Argus Media, a UK-based independent provider of market data and business intelligence. In late June, the consortium... Read More

Shah Deniz-2 drilling plans announced

Shah Deniz-2 drilling plans announced Drillings of new test wells and boreholes as part of the second stage of the Azerbaijani Shah Deniz offshore gas condensate field development is not allowed until authorisation of the second phase, a source in the oil and gas market told Trend news agency on Monday. Currently work on the SDX-07а test well drilling is being carried out, the source said. “The second phase involves a multi-billion dollar... 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

New appointment in Nabucco National Company Hungary

New appointment in Nabucco National Company Hungary Nabucco Gas Pipeline International GmbH appointed Gábor Bercsi as Managing Director of Nabucco National Company Hungary. Nabucco reported on Thursday that Bercsi has extensive experience in the energy sector. His previous position was a managing director of Sinergy Energy Service in Budapest, which is a subsidiary of German Utility RWE. Bercsi said that Nabucco project will bring more supply stability... Read More