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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…

SOCAR AQS presented career prospects in Baku Higher Oil School

SOCAR AQS took part in the career fair held at Baku Higher Oil School (BHOS) on 12 March organized by BHOS in cooperation with “ASAN…

Greece-Bulgaria gas pipeline project completes next tender

ICGB successfully completed the procedure for selection of Owner’s Engineer for the gas interconnector Greece- Bulgaria The selection of Owner’s Engineer is one of three…

Two Wells to Be Drilled at Karabakh Gas Condensate Field

Caspian Drilling Company (CDC, SOCAR’s subsidiary) became the contractor for the Norwegian company Equinor on drilling operations on the Karabakh gas condensate field in the…

Gazprom hopes for growth in demand for Russian gas in Europe

Gazprom expects that demand for Russian gas in Europe in the medium term will only grow, said company head Alexei Miller at today’s meeting with…


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