“Azerbaijan's fields will supply gas to international markets for at least another 100 years, i.e. as technologies develop, production opportunities will increase. Therefore, 2.6 trillion cubic meters is the confirmed minimum volume of our potential,” said President Ilham Aliyev in his interview with local TV channels.
The most expensive part of the project will assuredly be the underwater cable running along the bed of Black Sea.
Over the last month, the diplomatic traffic between Azerbaijan and the Eastern European countries has intensified in a remarkable way.
Since the signing of the "Contract of the Century" between Azerbaijan and 13 international energy companies in September 1994, Azerbaijan begun to export energy, particularly crude oil, to global energy markets.
Saudi Arabia expressed its desire to join the agreement to export clean electricity from Azerbaijan to Europe.
A recent trilateral meeting between Türkiye, Azerbaijan and Turkmenistan has shown that Ankara can play a critical role in connecting gas-rich Turkic Central Asia with the West.
On December 17, an "Agreement on Strategic Partnership in the Development and Supply of Green Energy between the governments of the Republic of Azerbaijan, Georgia, Romania, and Hungary" was signed in Bucharest.
The “Agreement on a strategic partnership in the field of green energy development and transmission between the Governments of the Republic of Azerbaijan, Georgia, Romania, and Hungary” has been signed
Romgaz National Gas Company and Socar Trading, a branch of the national oil company of the Republic of Azerbaijan, on Friday signed the first individual agreement for the supply of natural gas from Azerbaijan to Romania, told Agerpres.
Fortescue Future Industries (FFI), a subsidiary of Australian iron ore company Fortescue Metals Group, and the Ministry of Energy of the Republic of Azerbaijan have signed a framework agreement to
Türkiye may build a new pipeline to transport gas from Turkmenistan and Azerbaijan to Europe, Turkish President Recep Tayyip Erdogan said on Thursday during an interview given to local press accompanying him on a visit to Turkmanbashi city.
The leaders of Hungary, Romania, Georgia and Azerbaijan plan to meet in Romania’s capital Saturday to conclude an agreement on an undersea electricity connector that could become a new power source for the European Union amid a crunch on energy supplies caused by the war in Ukraine.
An electricity cable on the floor of the Black Sea might soon bring cheap, renewable energy from the Azerbaijan to the heart of Europe, as the EU’s Global Gateway begins to bear fruit.
Azerbaijan's state oil company SOCAR has suspended purchases of Russian crude oil for its Turkish refinery, Reuters reported on Dec. 8.
Azerbaijan and Georgia look to leverage their geopolitical glow up to build a new route to supply Europe with electricity.
Seventeen members of the European Parliament recently called on the President of the European Commission Ursula von der Leyen to revise the EU Association Agreement with Algeria.
Azerbaijani President Ilham Aliyev has said he is hoping for the soonest decision to expand the capacity of the Trans Adriatic Pipeline (TAP).
Kazakhstan will transport 1.5 million tons of oil via the Baku-Tbilisi-Ceyhan pipeline in 2023, according to a Nov. 22 briefing of KazMunayGas (KMG) national company.
A joint venture between Houston-based KBR and Azerbaijan’s SOCAR has been awarded an optimization stage engineering services contract by BP for the delivery of an unmanned compression platform in Azerbaijan.
Of course, the Black Sea LNG Project is still nascent and only the 2023 feasibility study’s results will prove whether Socar and Romgaz could actually undertake the binding investment decisions.
Oil and gas major BP has awarded a long-term business services contract, covering its assets in the Caspian Sea and onshore Azerbaijan, to Glensol (Global Energy Solutions LLC).
Azerbaijan has warned the EU that it will only be able to meet its commitment to double gas exports to the bloc if provided with fresh investment in its pipelines and long-term purchase contracts, as Brussels rushes to find alternatives to Russian energy.
It's time Europe gave the British Foreign, Commonwealth and Development Office a well-deserved victory lap. They might have saved Europe from a weapon they never saw coming - namely Putin's attempts at energy blackmail.
Representatives of Georgia, Azerbaijan, Hungary, and Romania are planning to reach an agreement on the supply of electricity to the EU, said the head of the Ministry of Economy of Georgia, Levan Davitashvili.
