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Tag: Шахдениз

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,…

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