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.
Turkey and Azerbaijan formally marked the completion of the Trans-Anatolian Natural Gas Pipeline (TANAP) on Saturday (30 November), a milestone in a major project to help reduce Europe’s dependence on Russian gas.
A recent meeting of government officials and big energy companies in Azerbaijan signalled ambitions about doubling the capacity of the Southern Gas Corridor (SGC), and of more European countries becoming clients.
The presidents of Turkey, Azerbaijan and Georgia will inaugurate today (12 June) the Trans Anatolian Natural Gas Pipeline (TANAP), a key section of Europe's long-delayed Southern Gas Corridor (SGC), according to announcements made in the three country's media.
Turkey, a country poor in energy resources, has voiced its ambitions to leverage its geographic position by becoming an even more important crossroads of supply routes and a giant energy hub, saying this would “improve” the EU’s energy security.
Major pipeline projects such as Turkish Stream and TANAP were the focus of the 23rd World Energy Congress which opened in Istanbul yesterday (10 October) in the presence of the leaders of Russia, Turkey and Azerbaijan.
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.
Greek Prime Minister Alexis Tsipras will focus on energy, transport infrastructure and migration, as he today (1 August) seeks to strengthen ties with Bulgaria and stabilise south eastern Europe after the failed coup attempt in Turkey.
The centre-right European Peoples’ Party (EPP), the largest group in the European Parliament, has taken a strong position against Nord Stream 2, a Gazprom-favoured project to bring additional Russian gas from Russia to Germany under the Baltic Sea.
Relations between Azerbaijan and the EU have reached deadlock, and Baku may lose interest in major energy projects, such as the TAP pipeline, and the Greek natural gas operator DESFA, diplomatic sources have informed EURACTIV.
The Trans-Adriatic pipeline (TAP), representing the European section of the Southern Gas Corridor (SGC) which will bring gas from Azerbaijan, has obtained an extension of the validity period of the project’s exemption from third party access to its pipe.
The Trans Adriatic Pipeline (TAP), which will carry Azeri gas to European markets, and is seen as Europe's alternative to its reliance on Russia, is open to new shareholders, including Iran, a spokeswoman for the project said yesterday (8 April).
Azerbaijan, which has acquired Greek gas transmission system operator DESFA, is wondering why the European Commission is taking so long to decide if the deal is compatible with EU law, Minister of Energy of Azerbaijan Natig Aliyev told EURACTIV.
A Commission official confirmed yesterday (5 March) that Gazprom can use the Trans-Adriatic pipeline (TAP) to move gas, if the Russian export monopoly builds the “Turkish Stream” pipeline and brings gas to Greece.
Hosting the President of Azerbaijan on an official visit to Bulgaria, Prime Minister Boyko Borissov said his country wants to revive the Nabucco pipeline project. President Ilham Aliyev said that what really matters is to bring more Azeri gas to Europe, and that the name of the future pipeline is not important.
Azeribaijan's central bank devalued the manat on Saturday (21 February) by 33.5% to the dollar and by 30% to the euro, as slumping oil prices and an economic crisis in major trading partner Russia put pressure on the currency.
Vice-President for Energy Union Maroš Šef?ovi? attended the first founding meeting of the Advisory Council on the Southern Gas Corridor in Baku yesterday (11 February), a project to bring gas from Azerbaijan to Europe by 2019-2020.
Commission Vice-President Maroš Šef?ovi? said today (4 February) that the Russian plan for a pipeline named “Turkish Stream” was not viable. It also became clear that the Commission is organising a secretive ministerial meeting in Sofia on 9 February, to discuss alternatives to the supply of Russian gas to the region.
A visit by the president of Azerbaijan to Berlin on Wednesday (21 January) marks a milestone, and an obvious warming of his country's relations with Germany, against the background of the Ukraine crisis.
Following a statement by EU ministers who said they wanted Russia to clarify its intentions concerning the South Stream gas pipeline, Russian gas monopoly Gazprom confirmed yesterday (9 December) that the decision to abandon the project is final.
The construction of the Serbian stretch of the South Stream gas pipeline will start in October, the head of the Gazprom international projects department Alexander Siromyatin was quoted as saying by Serbian media.
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