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Two companies to compete for contract on construction of IGB
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Fight for Turkish Market: Russia Loses to Azerbaijani Gas and LNG

In 2018, Turkey increased the purchase of LNG by 13.2% – to 8.3 million tons. As a result, Ankara has become the second largest importer…

Azerbaijan Sharply Increases Gas Exports to Turkey Thanks to Shah-Deniz

Azerbaijan in January 2019 exported 808.36 million cubic meters of gas produced from the Shah-Deniz field to Turkey, which is 36.1% higher than the figure…

The EC approved the allocation of €39 mln. for the construction of Interconnector Greece-Bulgaria

The price offers in the open procedure for the “Selection of a consultant for construction supervision for construction of gas interconnector Greece-Bulgaria” are to be…

ICGB opened publicly the submitted offers in the tender for construction of the interconnector with Greece

The largest public procurement in the IGB project is close to the end; the estimated value of the tender is set as a total price…

Russian gas output grows 3.3% to 197.04 bcm in Q1

Gas production in Russia rose by 3.3% year-on-year to 197.04 billion cubic meters in the first quarter of 2019, the latest data from the Central…

Minister: Hungary Wants to Import Azerbaijani Gas from 2021

Hungary is interested in acquiring Azerbaijani gas, which will be supplied to the EU through the Southern Gas Corridor (SGC). The President of SOCAR (State…

Iran Launches Uncompleted Gas Project Citing Suspiciously High Production

Iran’s Oil Ministry officially opened four new phases of the South Pars gas field March 17, citing production and investment figures that don’t add up….

Gas Prices in Europe Collapsed by 50%

The global natural gas market is moving towards repeating the fate of the oil market in 2014-15. Against the background of an oversupply of LNG,…

Azerbaijan Increases Commercial Gas Production by 34% in January-February

Oil production in Azerbaijan in January – February 2019 amounted to 6 million 371.9 thousand tons, which corresponds to the same period last year. According…

Shahbazov: It is necessary to continue co-op within OPEC+

It is necessary to continue the cooperation within OPEC+, Parviz Shahbazov, Minister of Energy of Azerbaijan said during a press conference following the OPEC+ meeting…

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