On July 19, Hungarian-based MOL entered into a partnership with Kazmunaigaz E&P (Exploration & Production, the upstream subsidiary of the national company Kazmunaigaz) to develop the North Karpovsky oil and gas block in Kazakhstan. Kazmunaigaz E&P’s CEO, Alik Aidarbayev, commented that MOL was selected for... MORE

BP’s latest annual Statistical Review of World Energy has revealed Turkmenistan’s proven gas reserves as even bigger than previously assessed (see accompanying article). From Ashgabat’s perspective, European gas markets must look more lucrative and reliable compared with Turkmenistan’s existing export markets in China, Russia, and... MORE

On July 17, British Petroleum (BP) presented the 2012 edition of its annual publication, “Statistical Review of World Energy,” in Ashgabat (Trend, Interfax, July 17). Released each year in June, and dubbed a “bible” in the energy business, BP’s Statistical Review covers reserves, production and... MORE

After failing to persuade Russia to change the current gas contract, Ukraine is threatening to break it. The state-owned oil and gas company Naftohaz Ukrainy will cut Russian gas imports from the 40 billion cubic meters (bcm) bought last year to 27 bcm this year,... MORE

Lithuania is forging ahead on natural gas sector reform and liquefied natural gas (LNG) access, outpacing other states in the region. In 2011, Lithuania became the first EU member country to adopt the Third Package of EU energy market legislation, choosing its most far-reaching version.... MORE

On July 2 in Kyiv, Naftohaz Ukrainy and Ferrostaal Industrieanlagen signed a memorandum of understanding (MOU) for a pilot project to upgrade Ukraine’s gas transit system. That system carries more than 70 percent of Russia’s gas exports to Europe at present. Germany’s powerful lobby for... MORE

On June 28, the Shah Deniz gas producers’ consortium in Azerbaijan announced that it has selected the Nabucco-West pipeline project to be the route for Caspian gas into Central Europe. This decision is an immediate consequence of the Azerbaijan-Turkey inter-governmental agreement, signed on June 26,... MORE

The Azerbaijani-Turkish Trans-Anatolia gas pipeline project (TANAP), officially launched on June 26 (see EDM, June 27), is impacting a vast field ranging from Turkmenistan, across the South Caucasus and Turkey, to Central Europe and EU authorities in Brussels.This project encourages Turkmenistan to pursue a trans-Caspian... MORE

Azerbaijan-Turkmenistan relations, which experienced a significant thaw since the death of Turkmen President Saparmurat Niyazov (Turkmenbashi), deteriorated again last week (June 19). The most recent conflict began when Turkmenistan started undertaking seismic work on a disputed oilfield in the Caspian Sea. The oilfield, discovered by... MORE

On June 26 in Istanbul, Azerbaijan’s and Turkey’s leaders signed the inter-governmental agreement on the Trans-Anatolia Gas Pipeline (TANAP) project. This agreement marks the start of implementing the EU-planned Southern Corridor to Europe for Caspian gas. This pipeline would run from the Georgia-Turkey border to... MORE