Azerbaijan sold its gas at an average price of $794 per 1,000 cubic meters
The export of Azerbaijani gas volumes declared at the customs in January-November 2022 amounted to 18 billion 647 million 569 thousand cubic meters, by 2.1% higher than over 11…
Modernization of a large thermal power plant will save 800 mcm meteras per year
The creation of new generating capacities on the territory of the Azerbaijan Thermal Power Plant (TPP) will save up to 800 mcm of gas per year,…
EU To Reduce Natural Gas Use By 15 Pct On Russian Supply Woes
The European Union is set to propose a voluntary 15% cut in natural gas use by member states starting next month on concern Russia may…
Azerbaijan reduced oil production by 4.1% in the first half of the year, gas production increased by 15%
In January-June 2022, oil production with gas condensate in Azerbaijan amounted to 16 million 474.2 thousand tons, which is by 4.1% lower than the same period last…
Europe’s expenses for the purchase of Azerbaijani gas
The expenses of the EU countries (EU) for the purchase of gas from Azerbaijan, supplied via the Trans-Adriatic gas pipeline (TAP), in the first quarter…
EU countries to discuss options to jointly curb gas demand
European Union countries’ energy ministers will on Monday discuss options for how they could jointly curb gas demand, as the bloc grapples with cuts to…
Baku and Tehran agreed to double gas supplies from Turkmenistan to Azerbaijan via Iran
Azerbaijani Economy Minister Mikayil Jabbarov and Iranian Oil Minister Javad Ouji signed a memorandum of understanding in Baku on Friday, according to which gas supplies…
Gas futures in Europe rise to $955
Gas futures amounted to $955 per 1,000 cubic meters on the London ICE Stock Exchange on June 2 morning, Report informs referring to the ICE Futures platform….
Baku and Brussels discussed increasing supplies of Azerbaijani gas to Europe
High-ranking officials of the European Commission (EC) and representatives of the Azerbaijani government discussed the possibility of increasing the supply of Azerbaijani gas to Europe,…
Top Seven Energy Transition Trends To Keep An Eye On In 2022
The energy transition team from intelligence provider Westwood Global Energy has listed seven of the main trends that oil and gas firms should watch in…
Russia to provide extra gas supplies to Europe if necessary, vows upper house speaker
Europe’s gas crisis deteriorated this autumn after it’s spot prices soared past $1,000 per 1,000 cubic meters and approached $2,000 per 1,000 cubic meters amid…
Over 93% of electricity in Azerbaijan is generated by burning natural gas
In January-July 2021, electricity production in Azerbaijan amounted to 15.845 billion kWh, by 3.2% higher than the same period last year, the Ministry of Energy…
The interconnector with Greece successfully crossed the Maritsa River
The project was presented as a key opportunity for Bulgaria’s energy transition to greener and more sustainable solutions during a round table within the Three…
SOCAR gets 6% increase in gas production
State Oil Company of Azerbaijan (SOCAR) produced more than 1.924 million tons of oil in the first quarter of 2021, showing a 0.2% increase in…
Russia to transport 150 mcm of gas to Georgia through Azerbaijan
SOCAR and Gazprom Export signed a one-month agreement on transit of Russian gas to Georgia, SOCAR’s Deputy Head of Public Relations Ibrahim Ahmadov told Report. “According…
Azerbaijan increases gas sales abroad by 32%
In January-February this year, Azerbaijan’s gas sales abroad amounted to 3.3 billion cubic meters (32% more than in the same period 2020) According to Report, the Ministry of Energy…
Péter Szijjártó: “Hungary will be able to buy gas not only from Azerbaijan but also from Turkmenistan via the Southern Corridor”
Hungary would have a physical link to the Southern Gas Corridor through an interconnector between the networks of Greece and Bulgaria as well as a…
How much did EU spend on unsuccessful gas projects?
The EU has wasted nearly €440 million in taxpayer cash on fossil gas infrastructure projects that have either failed or are likely to fail, Report informs, citing Global…
Azerbaijan unveils volume of gas exports to Turkey and Georgia
Azerbaijan exported 1,120,220.670 cubic meters of natural gas in January this year, Report informs, citing the State Customs Committee According to the information, the total cost of natural…
Azerbaijan in 2020 exported oil for $ 8.5 bn, gas – for $ 2.7 bn
Azerbaijan exported 28 million 374.2 thousand tons of oil in 2020, which is 9.2% less than in 2019 According to the State Statistics Committee of…
Drilling down: The storms battering oil and gas – BBC
For the oil and gas sector in Scotland, coronavirus is merely one part of its current nightmare. The UK offshore oil industry has been hit…
Gazprom expects to export 166.6 bln cubic meters of gas to Europe in 2020
Gazprom is preparing its budget for this year on the basis of expectations of 166.6 bln cubic meters of gas to be exported to Europe…
Gas Production at Umid Field to Exceed 960 MCM in 2020 – SOCAR
Gas production from the Umid field in the Azerbaijani sector of the Caspian Sea in 2020 will exceed 960 mcm, SOCAR’s representative Ibrahim Ahmedov said….
Kazakhstan Unveils Oil and Gas Production Forecast
In 2020, Kazakhstan will continue to work to increase the volume of processing of fuel and energy resources. This was announced by Prime Minister Askar…
IEA: Around 15% of global energy-related emissions come from the process of getting oil and gas out of the ground and to consumers
Oil and gas companies must boost investment in low carbon energies or face an increasing backlash that could threaten their long-term profits and social acceptance,…
Europe Begins Protracted Period of Cheap Gas
This is stated in the July issue of the energy bulletin prepared by the Analytical Center (AC) under the Government of the Russian Federation. The…
Kazakhstan boosts fuel and electricity production
Kazakhstan’s fuel and energy industry is showing signs of growth. This year, Kazakhstan has increased oil production 6 percent, gas production 6.4 percent and electricity…