LNG supplies to Greece in the first quarter of 2021 more than halved year on year, as pipeline deliveries via the Southern Gas Corridor began and sky-high spot LNG prices saw cargoes diverted to Asia.
Energy20- Page
Since it regained its independence in 1991, Azerbaijan has come to play a meaningful role in shaping Europe’s energy market.
Since 2015 Turkey has diversified its heavy natural gas import dependence on Russia by increasing gas imports from Iran and Azerbaijan – through the TANAP pipeline – and liquefied natural gas (LNG) imports.
The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $1.75 on Mar.24 compared to the previous price, making up $63.68 per barrel, Trend reports referring to the source from the country’s oil and gas market.
Aside from Norway, Africa, and Azerbaijan, all of Norway's other production regions lost money in 2020. 17% of Equinor's assets are in the U.S., but the region lost Equinor a painful $5.8 billion over the last two years.
BP and Azerbaijan's Socar have made a gas condensate discovery after 14 months of drilling to a depth of nearly 7,200 meters in the Shafag-Asiman block in deepwater off the Caspian Sea coast, the state company said March 25.
First gas deliveries from Azerbaijan to Europe were launched in January 2021 via newly built Southern Gas Corridor pipeline infrastructure linking the Caspian gas producer to the Italian gas hub.
Azerbaijan’s SOCAR has made the first gas condensate discovery in Shafag-Asiman fields, the company reported.
Being part of one of Malta’s highly controversial energy projects does not seem to have deterred Socar Trading executives from using Malta as a “good example” of why the trading arm of Azerbaijan’s state oil producer is pitching itself as a major competitor in the (liquified natural gas) LNG-to-power projects sector.
What should we do to make Azerbaijanis switch to electric cars? The world is rapidly switching to clean energy. The global struggle to eliminate the factors that contribute to global
The consortium implementing the Trans Adriatic Pipeline (TAP) gas transmission project said it will launch in July a tender seeking binding offers for the potential expansion of the pipeline's capacity
In 2020, Azerbaijan´s SOCAR traded 4 million tonnes of LNG, and hopes to reach 10 million tonnes by 2025.
The State Oil Company of Azerbaijan Republic (SOCAR) this week said the company expects to join Sri Lanka’s upcoming LNG development programme by partnering with the Pearl Energy project.
Azerbaijan’s state oil company SOCAR will help Gazprom Export, a subsidiary of Russia’s state-owned Gazprom, transit natural gas to Armenia.
As of March 1, 178.9 billion cubic meters of gas were extracted from the Azeri-Chirag-Guneshli block of fields located in the Azerbaijani sector of the Caspian Sea.
