Azerbaijan’s gas sales strategy at a crossroads
Jun 2, 2021 12:30:pm
Summary Supplies of gas to Turkey from the first phase of the Shah Deniz project in Azerbaijan were halted on 17 April.
by: OXFORD INSTITUTE FOR ENERGY STUDIES (OIES)
Posted in:
Azerbaijan’s gas sales strategy at a crossroads
Supplies of gas to Turkey from the first phase of the Shah Deniz project in Azerbaijan were halted on 17 April, as a 6.6 bcm/year sales contract expired, without the two sides reaching agreement on extending it. The context is a push in recent years by Botas of Turkey, the buyer, to increase volumes of spot LNG in its import portfolio, and reduce dependence on pipeline gas imported under long term contracts (LTCs). For the seller, the Shah Deniz consortium led by BP, failure to agree terms for contract renewal highlights the difficulties of marketing Azeri gas: sales in Europe are inhibited by transport costs, there is limited volume flexibility upstream
Gazprom aims to produce 12% more gas in 2021
May 28, 2021 8:15:am
Summary Russia s Gazprom aims to produce 12% more natural gas in 2021 than last year, the company s deputy chairman of the management committee, Vitaly.
by: Joseph Murphy
Russia s Gazprom aims to produce 12% more natural gas in 2021 than last year, the company s deputy chairman of the management committee, Vitaly Markelov, said in a presentation on May 27.
The state gas producer now .
Posted in:
Korea plans offshore CCS project
May 28, 2021 8:25:am
Summary The project aims to capture and transport carbon dioxide produced by industries to the offshore Donghae gas field and then inject and store it in the depleted wells.
by: Shardul Sharma
Posted in:
Korea plans offshore CCS project
State-run Korea National Oil Corp (Knoc) will undertake a carbon capture and storage (CCS) demonstration project offshore Korea, it said on May 26.
The project aims to capture and transport carbon dioxide produced by industries to the offshore Donghae gas field by pipeline and then inject and store it in the depleted wells. The Donghae gas field is scheduled to end production in 2022.
Azerbaijan faces revenue cuts as gas exports to Turkey halted
May 28, 2021 1:30:pm
Summary In spite of the warm political ties between the two states, Ankara appears in no great hurry to renew the contract, believing it holds the upper hand.
by: David O’Byrne
Azerbaijan faces revenue cuts as gas exports to Turkey halted
A contract for gas exports from Azerbaijan to Turkey has quietly expired, leaving Baku without the bulk of income from its largest gas consumer while the flow is halted.
BP, which heads the consortium operating Azerbaijan s Shah Deniz gas field from which the gas is produced and sold to Turkey, confirmed to Eurasianet that flow halted on April 17 after the contract expired, but that talks on renewal have been going on for some time, and are continuing.”