Shah Deniz targets Italian and Southeastern European gas markets through Trans Adriatic Pipeline
The Shah Deniz consortium announced today that it has selected the Trans Adriatic Pipeline (TAP) to deliver gas volumes from the Shah Deniz stage 2 project to customers in Greece, Italy and Southeast Europe. This is an important milestone in the Shah Deniz consortium’s multi-phased approach to the opening of …
SOCAR: Europe may receive Shah Deniz gas by 2019
Gas from the second phase of Azerbaijan’s Shah Deniz gas project is expected to reach Europe in 2019, Azeri state energy firm SOCAR said on Tuesday. ‘Production at Shah Deniz II will start in 2018. The pipeline will be filled and gas will reach European borders by 2019,’ SOCAR First …
BP Targets 2018 for the First Gas From Shah Deniz II
British major BP said it is targeting 2018 for the first gas from the second phase of Azerbaijan’s Shah Deniz gas project, a major development aimed at reducing European dependence on Russia for its energy supplies. Output from Shah Deniz II is expected to reach 16 billion cubic metres (bcm) …
Shah Deniz Group in Talks to Buy Nabucco Pipeline Stake
Azerbaijan’s Shah Deniz II gas group could agree to take over a 50 percent stake in the Nabucco pipeline consortium by January, boosting Nabucco’s prospects in a competition between projects that aim to pipe Azeri gas into Europe. Nabucco stakeholder Bulgarian Energy Holding (BEH) said on Thursday that talks were …
Shah Deniz Gas Supplies Interrupted After Pipeline Blast in Turkey
Flows on a pipeline carrying Azeri natural gas from the Shah Deniz fields were halted due to an explosion in Turkey late on Wednesday, Turkish energy officials said on Thursday, reported Reuters. An explosion occurred on the pipeline between the eastern Turkish cities of Kars and Erzurum, the officials said on condition …
Shah Deniz Selects a Second Export Route Option to Europe
The Shah Deniz consortium has now concluded its evaluation of potential gas export routes towards South East and Central Europe. The Nabucco West project with a route running from the Turkish-Bulgarian border to Baumgarten has been selected as the single pipeline option for the potential export of Shah Deniz Stage …
Shah Deniz Stage 2 Project Enters the Next Phase of Development
The Shah Deniz consortium has reached an important milestone and approved the decision to commence Front End Engineering and Design (FEED) on the estimated $25 billion Shah Deniz Stage 2 project. This was officially announced in Baku today during the meeting between the President of the Republic of Azerbaijan H.E. …
BP Boosts Azeri Investments
BP Plc plans to step up investments in its oil and gas projects in Azerbaijan in 2012, drilling more wells and developing production at existing fields, the company’s regional office said on Thursday. The BP-Azerbaijan AIOC group said in a statement it plans to invest $3.2 billion in the Chirag, …
BP – Shah Deniz Final Investment Decision in 2013
A BP PLC (BP) led consortium working on Azerbaijan’s Shah Deniz natural gas field will make a final investment decision on development of the second stage of the field in 2013, the head of Azerbaijan’s state energy company Socar, Elshad Nasirov, said Wednesday. Azerbaijan plans to ship 10 billion cubic …
Caspian’s Future to Outshine its Past
The history of the oil industry in the Caspian Sea is one of the oldest tales known in the Exploration & Production business. Few are those who are not aware of the role that the Caspian holds as the original oil producing centre of the world, with 3,000 producing wells …