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Price of Gas for Belarus in 2019 to Be $127

The Ministry of Energy of Belarus hopes to sign a document with Russia on the price of gas by July 1. The Ministry hopes for…

BP: Oil demand in 2040 to range from 80 Mb/d to 130 Mb/d

Oil will continue to play a significant role in the global energy system in 2040, with the level of oil demand in 2040 ranging from…

Romania Plans to Join SGC

Bucharest intends to become part of the Southern Gas Corridor (SGC) in the future, State Secretary of the Ministry of Energy of Romania Lulian Robert…

TAP Project Completed at More Than 84%

The construction of the Trans-Adriatic Gas Pipeline (TAP), which envisages the transportation of Azerbaijani gas to Europe, has been completed by more than 84 percent….

Uzbekistan Offers SOCAR and BP Joint Geological Study of Three Blocks

Uzbekistan offers SOCAR, in partnership with BP, to explore the possibility of joint exploration of three investment blocks of the Ustyurt region, the press service…

Georgia released gas import forecasts for 2019

Georgia, which satisfies its demand for natural gas mainly due to imports, predicts an increase in its consumption in 2019 by 5.8% compared to the…

SOCAR Refuses to Acquire Assets of German Company in Turkey

The State Oil Company of Azerbaijan (SOCAR) refused to invest in the Turkish assets of the German energy company EWE. “We decided not to invest…

Uzbekistan increased gas production by 6%

By the end of 2018, Uzbekistan produced almost 60 billion cubic meters of natural gas. This is reported by the State Statistics Committee of the…

Deja vu: Bulgaria pipeline to face EU scrutiny

Bulgaria is to face renewed EU scrutiny over a Russia gas pipeline, four years after its previous project failed. The European Commission would “not support…

Citi: Three Scenarios of Oil Prices in 2019

Theglobal de-synchronization of economic growth today puts pressure on the oilmarket, according to the report prepared under the leadership of Citi’sCommodity Market Department in the…

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