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Tag Archives: Gas

Germany will Build Energy Terminal to Reduce Dependence on Russia

‘We cannot suspend cooperation with Russia in the field of oil and gas”, Chancellor of Germany Angela Merkel noted at her meeting with Georgian Students at Tbilisi State University. Today, Russia supplies cheaper natural gas compared to other countries, Merkel said. “We keep economic relations with Russia for tens of …

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Socar Buys New Gas Pipeline Networks in Georgia

SOCAR Increases Share in its Georgian Subsidiary

SOCAR Georgia Gas, a subsidiary of Azerbaijan’s state oil company SOCAR, has acquired gas pipelines in a number of Georgian districts with a total length of 594,000 running meters, according to the order published on the official website of Georgia’s government. The gas pipelines have been transferred to the company …

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Ukraine Boosts Injections of Gas Into Storage

Ukraine Boosts Injections of Gas Into Storage

KIEV: Ukraine has sharply increased injections of natural gas into underground storage, data from gas transport monopoly Ukrtransgas showed on Thursday. Ukrtransgas injected about 56 million cubic metres (mcm) of gas into underground storage on May 1, up from 38 million a day earlier and 28 million on April 29. …

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SOCAR Discloses Volumes of Gas Export to Georgia and Turkey

By Maksim Tsurkov – Trend: Since the beginning of operation in 2006, 86 billion cubic meters of gas and 21.5 million tons of condensate have been extracted from Azerbaijan’s Shah Deniz biggest gas field, Alakbar Abbasov, adviser to the first vice president of Azerbaijan’s state oil company SOCAR, said. Abbasov …

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14 Companies Present Proposals for Georgia’s Gas Storage Facility

14 Companies Present Proposals for Georgia’s Gas Storage Facility

14 companies have expressed willingness to build underground gas storage in Georgia. According to “Georgian Oil and Gas Corporation”, 55 companies have been registered at the pre-qualification stage of open international tender for procurement of installation and exploitation (EPIC) works, however proposals were presented by 14 companies. As a result …

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Gas Transportation Tariff Grow

LLC Georgian Gas Transportation Company has raised gas transportation tariff. Under today’s decision of GNERC, gas transportation tariff per cubic meter for steam power plant, Kazbegi Gas, Dusheti Gas and other consumers will be 1.84 GEL, excluding VAT. Since 2000 gas transportation tariff for steam power plants was 0.9 GEL …

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TAP to Ensure More Sustainable Energy Future for Europe

TAP to Ensure More Sustainable Energy Future for Europe

The Trans Adriatic Pipeline (TAP) project, which envisages delivery of Azerbaijani gas to Europe, will ensure a more sustainable energy future for this continent, said the country manager of TAP AG consortium for Greece Rikard Scoufias. He pointed out South-Eastern Europe is a region that could benefit most from the …

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Low Chances for Iran, Israeli Gas to Reach Europe – Expert

Low Chances for Iran, Israeli Gas to Reach Europe - Expert

The chances of Iranian and Israeli gas to reach European market are not good, Charles Ellinas, CEO of Cyprus-based energy consultancy e-CNHC believes. “Gas prices in Europe are too low to make such prospects commercially viable,” Ellinas, who is also a nonresident senior fellow with the Atlantic Council and has …

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Enagas Committed to TAP as Key Infrastructure for Europe

The Trans Adriatic Pipeline (TAP) project will mean a more sustainable supply of energy, in line with the European Union’s objectives, a source in Spain’s Enagas company, which is one of the project’s shareholders, told Trend. “Enagas is committed to the TAP project as a key infrastructure for Europe,” said …

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Whether Actions by KaztransGas and Inter RAO Damage Reputation of Georgia

INTER RAO has launched an investment dispute against Georgian Authorities to claim a compensation after GEL exchange rate depreciation. Moreover, KaztransGas has also sued Government of Georgia to London Arbitration Court. Businessman Fady Asly, president of International Chamber of Commerce – Georgia (ICC Georgia), also argues with Georgian Authorities. The …

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Georgian Ministry talks Purchase of Iranian Gas

Georgian Ministry talks Purchase of Iranian Gas

Delivery of gas from Iran to Georgia is theoretically possible, and there is necessary infrastructure for this, but such contracts were not concluded between state companies, Georgia’s Deputy Minister of Energy and Natural Resources Mariam Valishvili told Trend Apr. 24. “The Iranian side expresses its readiness to supply gas to …

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