EU 2020 Gas Supply, Demand Collapse
Feb 19, 2021 10:00:am
Summary
by: Thierry Bros
Statistics from the Joint Organisations Data Initiative (Jodi) have just been released. As Bulgaria, Croatia, Malta and Romania have not yet provided all data f.
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Azerbaijan and Turkmenistan Seek to Expand Cooperation on Caspian Energy Production
Publication: Eurasia Daily Monitor Volume: 18 Issue: 15
(Source: The National)
A 30-year feud over an offshore oil field located between Azerbaijan and Turkmenistan in the Caspian Sea has finally come to an end. In mid-January 2021, Ashgabat and Baku agreed to the joint development of the large field, now renamed Dostlug, which means “Friendship” in both languages (Azadliq.org, January 21, 2021).
The name itself and the pomp that accompanied the announcement of the signed Memorandum of Understanding (MoU) highlighted the ongoing thaw in relations between the two Caspian littoral states. For now, there has been no information available about the details of the joint development deal: no data on profit splits or other arrangements, including logistics. Nevertheless, news of the bilateral accord raised hopes in some quarters that the long-awaited Trans-Caspian natural gas pipeline (TCP), which co