Latest Articles about Energy
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Azerbaijan Considers Long-Term Strategy on Natural Gas Exports
Speaking at the World Economic Forum in Davos, Azerbaijani President Ilham Aliyev highlighted the start-up of the largest European energy infrastructure project, involving: Shah Deniz Phase Two of field development and three dedicated pipelines to connect that Azerbaijani gas field with European Union territory. The... MORE
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Gazprom Advances in Germany
Russian Gazprom is taking over most of the core business of its German partner, Wintershall, in the natural gas trade and storage business. The two companies had conducted that business through the Wintershall-Gazprom joint venture, WINGAS, from 1993 to date. Gazprom is now turning WINGAS... MORE
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Azerbaijan in 2013: Balancing Between Europe and Russia
A number of important events in Azerbaijan punctuated the past 12 months, and their implications are likely to affect the future development of the country in important ways. Notably, the year 2013 was highlighted by a presidential election, held on October 9, which was swept... MORE
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Gazprom Takes Over Wintershall’s Core German Business
On January 13, Gazprom Vice-President and Gazprom Export CEO Aleksandr Medvedev dropped by an annual meeting of Wintershall’s staff, at company headquarters in Kassel. It was, in this case, the guest who did the welcoming: Medvedev welcomed WINGAS, the Wintershall-Gazprom joint venture, to “become a... MORE
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Russia Is Prepared to Sell Iranian Oil as Its Own
The Iranian Foreign Minister Mohammad Javad Zarif and the Syrian Foreign Minister Walid Muallem have flown to Moscow on the same plane this week to meet their Russian counterpart, Sergei Lavrov, to discuss the situation in Syria and the Geneva II peace conference due later... MORE
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SCP, TANAP, TAP: Segments of the Southern Gas Corridor to Europe
Full-scale investment approved at Shah Deniz, and supply contracts secured in Europe, make it possible for pipeline construction to proceed along the 3,500-kilometer Southern Gas Corridor, from Azerbaijan to European Union territory in Italy. The cumulative investments are estimated at $25 billion in the offshore... MORE
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Shah Deniz Investment Decision Validates Commercial Agreements, Triggers Construction Contracts
The Shah Deniz gas producers’ consortium has approved the final investment decision (FID) on December 17, 2013, launching Phase Two of production at the project in Azerbaijan (see accompanying article). This decision has two immediate consequences, both of them pre-programmed. It validates the long-term gas... MORE
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Shah Deniz Gas Consortium in Azerbaijan Approves Final Investment Decision
On December 17, 2013, in Baku, the Shah Deniz natural gas producers’ consortium approved the Final Investment Decision (FID) to start Phase Two of production. The investment commitment is valued at $25 billion for field development, separately from the estimated $20 billion for the construction... MORE
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Balkan Energy: A Year in Review
The year 2013 was particularly important for energy security in the Balkans, as it brought the news that Caspian natural gas is closer than ever to reaching a region that has been heavily dependent on Russian sources. At the same time, the Russian-led South Stream... MORE
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Kazakhstan and Azerbaijan Envisage Wide-Ranging Cooperation
On December 10, the Azerbaijan-Kazakhstan intergovernmental commission on economic cooperation met in Baku. Besides discussing various economic projects to boost mutual trade and investment, ministers from the two governments considered how to expand cultural exchanges.The two governments have repeatedly expressed disappointment with their low levels... MORE