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Tag Archives: Gas

ADB may Consider Providing Financial Support for TAPI Gas Pipeline

ADB may Consider Providing Financial Support for TAPI Gas Pipeline

The Asian Development Bank (ADB) may consider providing financial support for the Turkmenistan-Afghanistan- Pakistan- India (TAPI) gas pipeline project when requested, a source in the ADB’s Department of External Relations told Trend. “ADB continues to be in discussion regarding its role taking the [TAPI] project forward in all aspects,” the …

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Construction Company of Gas Pipeline in Tbilisi

Construction Company of Gas Pipeline in Tbilisi

Construction of underground gas reservoir in Georgia might be started in September of this year, – Azerbaijan agency Fineko/abc.az. reports. The agency disseminates the news relaying on Kakha Kaladze, that tender results linked to the construction company should be revealed in the upcoming days. To note, over 230-250 cubic m …

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BP Reveals Cost of Contracts on Shah Deniz Project:

The contracts worth over $13 billion have been signed until today within the second phase of the development of Azerbaijan’s Shah Deniz gas and condensate field, Gordon Birrell, the BP regional president for Azerbaijan, Georgia and Turkey, told reporters. Birrell said that half of these contracts was awarded to local …

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SOCAR Working to Increase Own Oil, Gas Production

Azerbaijan’s state oil company SOCAR plans to build nine infrastructural bases for drilling of 81 oil and gas wells in the Azerbaijani sector of the Caspian Sea in 2016-2017 as part of the company’s development strategy, and that will give impetus to hydrocarbon production growth in the country, SOCAR President …

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TAP to Be Able to Transport More Gas

The design if the Trans Adriatic Pipeline (TAP) is flexible, which will enable it to transport more gas, and therefore contribute to an even greater extent to Europe’s energy security and diversification, Ian Bradshaw, Managing Director at TAP AG said in an interview with Trend on May 16. He mentioned …

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Producer Price Index for Industrial Products decreased in April

In April 2016 the Producer Price Index (PPI) for Industrial Products decreased 1.2 percent over March 2016. The index declined 1.6 percent compared to April 2015 and rose 22.9 percent over the 2010 average. In April compared to previous month prices decreased 1.3 percent for manufacturing and the section contributed …

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Business Breakfast with the CEO of British Petroleum

Business Breakfast with the CEO of British Petroleum

Prime Minister of Georgia Giorgi Kvirikashvili and the executive director of British petroleum (BP) Bob Dudley discussed the investment projects implemented by the BP, successful partnership and the future perspectives. The meeting was held within the frames of the visit of the Prime Minister of Georgia to the United Kingdom. …

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Iran and South Korea Set to Triple Trade to US$18b

South Korea

Iran and South Korea have decided to triple their annual trade volume to US$18 billion, President Hassan Rouhani announced on Monday after meeting his South Korean counterpart Park Geun-Hye. Iran and South Korea have decided to triple their annual trade volume to US$18 billion, President Hassan Rouhani announced on Monday …

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Shah Deniz 2 Project Scores Contract Worth $1.5B

Shah_Deniz

The Shah Deniz consortium today announced the award of a $1.5 billion contract for the transport and installation of the deeper water subsea production systems for Shah Deniz Stage 2 to the BOS Shelf LLC, Saipem Contracting Netherlands B.V. and Star Gulf FZCO consortium. The scope of work of the …

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Frontera Announces About the Renovation of Natural gas Exploration

Frontera Announces About the Renovation of Natural gas Exploration

Frontera Resources announces an operations update for its work in the South Kakheti Gas Complex’s Gas Window initiative. Operations at the Udabno#2 well are now continuing in May. Frontera plans to undertake a testing program designed to evaluate an extensive gas-bearing interval of approximately 2,000 meters in gross thickness where internal …

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Shah Deniz 2 Project is Now Over 70% Complete

Shah Deniz

Shah Deniz Stage 2 project continued to move ahead with a number of milestones achieved ahead of schedule, BP Azerbaijan said. He made the remarks Apr. 25 at the SOCAR International Practical Conference on “Caspian Basin and Central Asia: Trade, Logistics, Oil Processing and Oil and Chemistry” in Baku. He …

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