Within the framework of the “Shah Deniz” project, production has not increased, but costs have increased by 12%
In the first half of 2023, BP-Azerbaijan produced 13 bcm of gas from the “Shah Deniz” field in the Azerbaijani sector of the Caspian Sea,…
Bulgaria boosts gas imports from Azerbaijan
Bulgaria has imported 74.8 million cubic meters of natural gas from Azerbaijan in April 2023, as compared to 44.5 million cubic meters in March 2023,…
130 bcm of gas have already been exported from the Caspian Shah Deniz field
Gas production in Azerbaijan in January 2023 amounted to 4.2 bcm, which is 4% higher than in January last year, the Ministry of Energy reports….
Annual gas production at Shah Deniz increased by 2 bcm
In 2022, about 25 bsm of gas and more than 4 million tons (about 36 million barrels) of condensate were produced from the Shah Deniz…
Government separates “Shah Deniz” tax payments from other PSA contracts
The government of Azerbaijan predicts revenues in 2023 to the state budget in the form of income tax on profits from oil and gas companies…
Bulgaria announces an agreement with Azerbaijan on the exchange of electricity for gas
Bulgarian Minister of Economy and Industry Nikola Stoyanov announced an agreement between Baku and Sofia on the exchange of electricity from Bulgaria for gas from…
In January-August 2022 net profit of Azerbaijan from “Shah Deniz” totaled about $1.15 bn
In January-August 2022, revenues to the State Oil Fund of Azerbaijan (SOFAZ) from the implementation of the “Shah Deniz” gas project amounted to $1 148…
Azerbaijan has earned over $1 billion from the “Shah Deniz” project in seven months
The State Oil Fund of Azerbaijan (SOFAZ) reported that in January-July this year, the profit received by the state within the framework of the “Shah…
Azerbaijan exported 9.4 bcm of gas in five months of 2022
In January-May 2022, Azerbaijan exported 9.4 bcm of gas, which is 27% higher than the same period last year, Energy Minister Perviz Shahbazov said. “In…
How much gas has already been produced from the Shah Deniz field?
From the moment of commissioning by 2022, about 156 billion cubic meters of gas have been produced at the Shah Deniz field, bp-Azerbaijan reported. According…
Lukoil to Buy Petronas’ Shah Deniz Field Stake for $2.25B
Russian oil and gas company Lukoil has agreed to acquire a 15.5% stake in the Shah Deniz offshore gas field in the Azerbaijan sector of the Caspian…
25th anniversary of signing Azerbaijan’s largest gas deal
Tomorrow is the 25th anniversary of the Shah Deniz project, located in the Azerbaijani sector of the Caspian Sea. On June 4, 1996 in the “Gulistan” Palace the State…
Azerbaijan Supplies Record Volume of Gas to Turkey
Azerbaijan in January 2021 exported to Turkey 1 billion 119.23 million cubic meters of gas from the Shah Deniz field, which is 18.4% more than…
Azerbaijan Purchases Over 45 Bcm of Gas from Shah Deniz
Since the commissioning (November 2006 – Caspian Barrel) of the Shah Deniz gas condensate field in the Azerbaijani sector of the Caspian Sea until March…
Azerbaijan’s commercial gas production up by 8%
In January 2021, Azerbaijan produced over 3.08 million tons of crude oil and gas condensate, including 3.075 million tons fell on marketable crude oil, Report informs, referring to the country’s…
Gas Exports from Azerbaijan to Turkey Increased by 34%
In August 2020, Turkey imported 986 million cubic meters (mcm) of natural gas from Azerbaijan According to a report from the Turkish Energy Market Regulatory…
Turkey Increases Gas Imports from Azerbaijan by More Than 21%
In July of this year, Turkey imported 1.093 billion cubic meters (bcm) of natural gas from Azerbaijan. According to a report from the Turkish Energy…
Gas Production in Azerbaijan to Be about 45 Bcm in 2022
Natural gas production in Azerbaijan in 2020 will exceed 38 billion cubic meters, Minister of Energy Parviz Shahbazov said. “This year, gas production in Azerbaijan…
This Year More Gas Than Planned to Be Produced from Shah Deniz Field
SOCAR (State Oil Company of Azerbaijan) expects 19 billion cubic meters (bcm) of gas from the Shah Deniz field in 2019, and production will increase…
Over a dozen options evaluated for TAP landfall in Italy
Fourteen different options have been evaluated for the landfall of Trans Adriatic Pipeline (TAP) project in Italy, said the country’s Environment Minister Gian Luca Galletti,…