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Tag Archives: Gas

BP Increases Gas Output in Azerbaijan

BP Increases Gas Output in Azerbaijan

In 1H2016, 5.4 billion cubic meters of gas and 1.3 million tons of condensate (nearly 10 million barrels) were produced at Azerbaijan’s Shah Deniz gas and condensate field, as compared to 5.2 billion cubic meters of gas and 1.2 million tons of condensate in the same period of 2015, said …

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Iran to Export 40 mcm/d of Gas to Georgia

Iran has provided more details on a small contract that it has sealed to export natural gas to Georgia – a project that could expand the energy reach of the Islamic Republic in Central Asia.  Alireza Kameli, the managing director of the National Iranian Gas Export Company (NIGEC), has been …

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Iran Signs Deal to Export 40 mcm of Gas to Georgia

Iran has signed a deal with the Georgian International Energy Corporation to export gas to the country within a 4-month period, Ali Reza Kameli, managing director of the National Iranian Gas Company (NIGC), said. Almost 40 million cubic meters of gas will be sold to the company under the test …

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TAP Remains US Government’s Priority

TAP Remains US Government’s Priority

The Trans Adriatic Pipeline (TAP) project, which envisages the transportation of Azerbaijani gas to Europe, remains US government’s priority, Amos Hochstein, the US Department of State special envoy and coordinator for international energy affairs, said in an interview with Greek news website Ekathimerini. “I’ve spent much more time on this …

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PPI for Industrial Products Decreased 2.0 percent over May 2016

PPI for Industrial Products Decreased 2.0 percent over May 2016

In June 2016 the Producer Price Index (PPI) for Industrial Products decreased 2.0 percent over May 2016 and 6.0 percent compared to June 2015. The index rose 19.9 percent over the 2010 average. The decline of monthly PPI in June was attributable to a 2.6 percent price decrease for manufacturing. …

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Foreigners Continue Investing in Oil, Gas Production in Kazakhstan

Foreigners Continue Investing in Oil, Gas Production in Kazakhstan

Despite the low oil prices, the lion’s share in the foreign investments made in Kazakh economy accounts for the oil and gas production and geological exploration, read a message from the National Bank of Kazakhstan. Direct foreign investments in the oil and gas production in Kazakhstan stood at $958.4 million …

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Skyland Finds Gas in Georgia: Natural Gas Europe Reports

Australia listed Skyland Petroleum announced a gas discovery in Georgia on its license Block XIG on the outskirts of the capital, Tbilisi. Skyland, which holds 20% interest in the project, said July 7 that testing the exploration Kumisi-2 well had resulted in gas flow with good pressure from the Lower …

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Georgia Grows into Important Transit Point and Energy Corridor

Georgia has become an important transit point and energy corridor, Georgian Prime Minister Giorgi Kvirikashvili said at the Georgia-Switzerland business forum. “Pipelines transporting Caspian oil and gas to Turkey and Europe cross the territory of Georgia. We have the same situation in relation to new railroad and motorway networks – …

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New Gas Reserves Found in Turkmenistan

New Gas Reserves Found in Turkmenistan

The studies carried out by the Turkmengeologiya State Corporation made it possible to extend the gas-bearing part of Turkmenistan’s largest Galkynysh field, the country’s ministry of oil and gas said June 21. In addition, the commercial gas inflows were obtained by 3D seismic survey from the wells also located in …

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Southern Gas Corridor: Infographics

Southern Gas Corridor: Infographics

The Southern Gas Corridor is one of the priority energy projects for the EU. The project is aimed at diversification of the routes and sources of energy supply and thereby increase EU’s energy security. The corridor envisages the delivery of gas from Azerbaijan’s Shah Deniz gas and condensate field to …

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