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Tag Archives: Shah Deniz

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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SOCAR Planning to Increase Gas Production in Coming Years

SOCAR planning to increase gas production in coming years

Azerbaijan’s state oil company SOCAR is looking to increase production of natural gas in coming years, the company’s head Rovnag Abdullayev said in his interview with Reuters. In coming years, said Abdullayev, the country expected to put on stream several gas fields that would provide much-needed output growth. “We aim …

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Georgia Reveals Source of Gas to Be Stored in its Storage Facility

Georgia will store gas from Azerbaijan’s Shah Deniz field in its underground gas storage facility to be built on Samgori South Dome Field, Georgia’s Energy Minister Ilia Eloshvili said in an exclusive interview with Trend. “Georgian Oil and Gas Corporation (GOGC) plans to construct a gas storage reservoir in a …

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EBRD approves Huge Loan for Shah Deniz Project

Shah Deniz

The European Bank for Reconstruction and Development (EBRD) will provide a $100 million loan to LUKOIL Overseas Shah Deniz Ltd to extend additional financing for its share in the second stage of the development of Shah Deniz, an offshore gas exploration and production project in Azerbaijan and one of the …

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ADB Agrees to Lend $500 mln to Southern Gas Project

The Asian Development Bank (ADB) has agreed to provide a $500 million loan to Azerbaijan’s Shah Deniz 2 project, the Azeri finance ministry said on Sunday. The ADB said earlier this year it was considering lending money to Azerbaijan to help fund the second stage of development of the Shah …

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BP to Send Shah Deniz Gas via South Caucasus Pipeline in 2017

BP plans to send gas from Azerbaijan’s largest gas field Shah Deniz into the expanded system of the South Caucasus Pipeline in the test mode in late 2017, Gordon Birrell, BP’s former regional president for Azerbaijan, Georgia and Turkey, told reporters in Baku Mar. 29. The Khankendi vessel for underwater …

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Azerbaijani SGC Company sets Initial Guidance on $1B Bond Tap

Azerbaijan’s Southern Gas Corridor CJSC has set initial price guidance in the 5.875 percent area for a tap of its existing $1 billion bond, according to one of the banks leading the transaction. Citi, J.P. Morgan and UniCredit are the joint lead managers. In March 2016, Southern Gas Corridor Company …

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Shah Deniz Stage 2 of Fundamental Importance for Georgia

The second stage of development of Azerbaijan’s largest Shah Deniz gas field is of fundamental importance for Georgia, said Georgia’s Deputy Energy Minister Mariam Valishvili in an interview with Business Time Georgia. One of the main issues in the development of Georgia’s energy market in the next few years is …

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New Phase of TANAP’s Construction Begins

TANAP

The new phase of construction of Trans Anatolian Natural Gas Pipeline (TANAP) has started in Turkey’s west, Ihlas news agency reported Dec.14. The new phase envisages construction of the pipeline’s 68 km section and it is planned to complete the work within six months. The steel pipes produced in Turkey …

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BP to Suspend Gas Output at Shah Deniz Platform in 2017

BP Azerbaijan company plans to suspend gas output at the Shah Deniz platform in 2017 due to technical-preventive, repair and adjustment work at the Sangachal terminal, Bakhtiyar Aslanbayli, communications, external affairs, strategy & region vice president at BP Azerbaijan, told reporters Dec. 1. In 2017, it is planned to carry …

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