Azerbaijan is willing to increase its gas supply to Europe via Turkey amid persisting concerns over natural gas supplies after Russia's invasion of Ukraine, Azerbaijan's Energy Minister Parviz Shahbazov said Monday.
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Amid Russia's war on Ukraine, the US and UK announced a ban on Russian oil and gas as the EU discusses plans to end reliance on Russian gas. Many wonder if Baku can boost gas supplies to help in a smoother transition.
Oil & gas continue to dominate Azerbaijan’s economy and provide most of its export and government revenue.
Russia’s unprovoked invasion of Ukraine has prompted the IEA to take measures to cut dependence on its gas.
This Research Study examines the resolution of the 30-year dispute between Azerbaijan and Turkmenistan over the rights to develop an offshore field spanning the two littoral states’ subsea zones in the Caspian Sea.
Russia's second-largest oil producer Lukoil has closed a deal to buy a 9.99% stake in Azerbaijan's Shah Deniz natural gas project from Malaysian oil and gas company Petronas for $1.45 billion, it said on Friday.
On February 14, President of the Republic of Azerbaijan Ilham Aliyev attended the opening ceremonies of the “Aghdam-1” and “Aghdam-2” substations, as well as the Digital Control Center of the Karabakh Regional Electric Network.
British oil major BP on Wednesday said it would shut down one oil platform and one gas platform in Azerbaijan in 2022 for planned maintenance, without giving a planned timeline.
As tensions over Ukraine threaten Europe with an energy crisis, eyes turn to Azerbaijan. The EU, who wants to buy more gas from Baku, and its ally, the United States, are trying to make significant changes to their policy related to Azerbaijan.
Moldovan deputy prime minister Andrei Spinu brought up a possible co-operation deal with Azerbaijan on gas supply during a meeting last week of the southern gas corridor advisory council.
"Proven gas reserves in Azerbaijan are 2.6 trillion cubic meters, and I am confident that there will be more," said President of Azerbaijan Ilham Aliyev, speaking at the 8th Ministerial Meeting of the Southern Gas Corridor Advisory Council.
The 8th Ministerial Meeting of the Southern Gas Corridor (SGC) Advisory Council has today been held at Gulustan Palace, Baku.
While Europe is trying to reduce imports of Russian gas, Georgia is increasing purchases from the country. The contracts are not available for public scrutiny, but media and international observers are concerned with the shift.
Azerbaijan would be unable to provide much aid in the short term, however, as it has neither the necessary production capacity or the infrastructure in place.
Azerbaijan is ready to supply Europe with some emergency gas should tensions between Russia and Ukraine disrupt shipments.
Commissioner plans Baku visit as anxiety mounts in Brussels over meeting demand if flows drop.
The Azerbaijani state oil company, SOCAR, has agreed to import additional amounts of natural gas to Turkey amid a cut in the flow from Iran, a senior official of the company has said.
Basim Abdulkareem, General Director of Iraqi Drilling Company (IDC), and his team visited SOCAR AQS’ headquarters in Baku, Azerbaijan. Both companies discussed potential collaborations for drilling.
Country is increasing gas supply to meet growing demand due to cold weather and amid reduced flow from Iran following gas cut.
Azerbaijan aims to transform itself into an “energy hub” exporting not only crude oil and natural gas but also electricity.
Saudi Arabia's Acwa Power and Azerbaijan's Ministry of Energy broke ground on a 1.125 billion Saudi riyal ($300 million) 240-megawatt wind power plant that will contribute to the Central Asian country’s target of generating 30 per cent of its energy through renewables by 2030.
Saudi Arabian utility company Acwa Power has signed a preliminary agreement to develop offshore wind in Azerbaijan, according to local media reports.
Turkey’s Petroleum Pipeline Corporation (BOTAŞ) and Azerbaijan's energy giant SOCAR’s Turkey Petrokimya Inc. (STPAS) inked a memorandum of understanding for the delivery of up to 1.7 billion cubic meters (bcm) of natural gas that will run until Dec. 31, 2024.
Oil & gas continue to dominate Azerbaijan’s economy and provide most of its export and government revenue.