A 25-year supply contract has been signed with Italy, and the first Azeri gas is expected to start flowing before the end of 2020, said Vitaly Baylarbayov, deputy vice president of SOCAR, the State Oil Company of Azerbaijan.
The EU is taking seriously the idea expressed recently by the President of Kazakhstan Nursultan Nazarbayev for holding a four-way summit to defuse global tensions, an EU diplomat told an audience on Tuesday (4 December).
Leaders of the five Caspian littoral states met on Sunday (12 August) for the Fifth Caspian Summit in Kazakhstan's port city Aktau to sign a landmark declaration determining the legal status of the Caspian Sea and aiming to end the legal limbo over its resource-rich waters.
The European Investment Bank on Tuesday (6 February) approved its largest ever single loan to an energy project: the Trans-Adriatic Pipeline (TAP). The €1.5 billion grant will be used to bring gas from the Black Sea to the Mediterranean.
Azerbaijan said natural gas produced in the Absheron offshore gas field in the Caspian Sea could be exported through the Southern Gas Corridor. Until now it was planned that only gas from Shah Deniz 2, another offshore field, would be sent to Europe.
Turkmenistan is discussing diversifying its gas exports and selling gas to European Union countries, President Kurbanguly Berdymukhamedov said yesterday (29 August) at a joint news conference with German Chancellor Angela Merkel.
France and Germany assured Georgia yesterday (24 April) that a deal bringing it closer to the European Union would be sealed within weeks, moving to tighten ties with the ex-Soviet republic as tension mounts between Russia and the West over Ukraine.
The European Union has agreed to negotiate a treaty with Azerbaijan and Turkmenistan to bring natural gas from the world's fourth-largest reserves across the Caspian Sea to Europe, the bloc's executive said today (12 September).