Tuesday, May 23, 2017

Tag: Azerbaijan

Israel sells $5 billion of weapons to Iran’s neighbour

Israel agreed on Tuesday to sell nearly $5 billion of its infamous 'Iron Dome' defence system to Iran’s northern neighbour, Azerbaijan, in a mutually beneficial trade deal. Azerbaijan's President Ilham Aliyev told reporters that historical trade between the two countries was strong, as Israel buys a large proportion of its...

Turkey signals joint defense plan with Russia

Turkey and Russia will establish a joint military, intelligence and diplomacy mechanism, Foreign Minister Mevlut Cavusoglu said Wednesday. Speaking at Anadolu Agency’s Editors’ Desk, Cavusoglu said the previous day’s meeting between Presidents Recep Tayyip Erdogan and Vladimir Putin had paved the way for closer ties following a nine-month freeze after...

Israel’s Reconciliation With Turkey Could Lead to New Energy Deals

Middle Eastern chaos helped heal a six-year rift between Turkey and Israel. But Israel's big reserves of natural gas could fuel much closer ties in years to come. Israel and Turkey agreed to normalize diplomatic relations Monday, six years after an Israeli raid on a Turkish aid ship sent to...

US, Europe Enable Southern Gas Corridor

The first half of 2016 has proved vitally important to the success of the Southern Gas Corridor (SGC), both in terms of the project's physical implementation and also with regard to funding of several segments of the value chain by a number of the project partners, in particular the...

Foolish Greece Now Joins NATO Gas War

Only eighteen months ago prospects for a major southern Europe natural gas pipeline from Russian gas fields across the Black Sea, into Turkey and on to the Greek-Turkish border was in negotiation between Russian President Putin and Turkey’s Erdogan. Turkish Stream as it was called, was proposed in talks...

Russia’s Perpetual Geopolitics

Putin Returns to the Historical Pattern. For half a millennium, Russian foreign policy has been characterized by soaring ambitions that have exceeded the country’s capabilities. Beginning with the reign of Ivan the Terrible in the sixteenth century, Russia managed to expand at an average rate of 50 square miles per...

The Silk Road railway will not work without Poland

The Ukrainian state-owned railways have recently presented a project of a possible branch of the New Silk Road railway. It would connect Ukraine and Europe with Iran, thereby facilitating commercial contacts with various states of the Persian Gulf and even India. Now they need Poland. For the time being, the launch...

The Desperate Plight of Petro-States

With a Busted Business Model, Oil Economies Head for the Unknown. Pity the poor petro-states. Once so wealthy from oil sales that they could finance wars, mega-projects, and domestic social peace simultaneously, some of them are now beset by internal strife or are on the brink of collapse as oil...

Greek Pipeline Breakthrough To Challenge Russian Gas Dominance

After years of debate, political jockeying and acrimony, a major pipeline project to bring natural gas to Southern Europe has broken ground. The Trans-Adriatic Pipeline (TAP) will connect the Caspian Sea to European markets, providing Europe with another large source of natural gas that will help the continent diversify away...

Can Turkey break its Russian gas habit?

Scrambling to reduce its gas dependence on Russia, Turkey has moved to speed up the construction of the Trans-Anatolian Natural Gas Pipeline (TANAP), designed to carry Azeri gas to Europe via Turkey, and set up three new liquefied natural gas facilities. According to the Energy Market Regulatory Authority (EPDK), Russia provided...

Unlocking Greece’s Energy Potential

On March 22, an international conference held in Athens, Greece provided an array of insights on how domestic and global natural gas key players view the contemporary market and their views ahead. Natural Gas Europe's Greece Correspondent, Ioannis Michaletos, reports on the key views to come from the conference, "Energy market: unlocking...

From Feast to Famine in Azerbaijan

Azerbaijan's decision to suspend development work on its planned 12bn m3/yr oil, gas, refining and petrochemical project highlights the complexity of getting the gas balance right in the Caucasus both now and in the long-term. While the long-term future for gas supplies from indigenous sources looks promising, right now there...

EU Messes up in Balkan Gas Geopolitics

In their determination to bypass their dependency on Russian natural gas, the bureaucrats of Brussels have approved construction of a trans-Adriatic gas pipeline from Azerbaijan to Greece. It looks workable on paper. There’s only one problem. It isn’t. It’s the latest move in the self-defeating EU pipeline war with...

TAP gas pipeline to go ahead despite low oil prices

Construction of the Trans-Adriatic Pipeline (TAP) to take gas from Azerbaijan to Europe will go ahead despite low oil prices, but costs will be in sharp focus, a senior executive for TAP said on Tuesday. The 870-km (540-mile) pipeline, which will link Azerbaijan's Shah Deniz II field with Italy, crossing...

Socar holds talks with Russia, Iran

Azerbaijan's state energy company Socar is planning to buy natural gas from Russia’s gas monopoly Gazprom, the company head Rovnag Abdullaev told journalists March 14. Socar is considering importing up to 3bn m³ this year. "We are interested in purchasing Russian gas still, so we have submitted our proposals to...

Non OPEC Oil Production To Collapse In 2016

The IEA Oil Market Report, full issue, is now available to the public. Some interesting observations: Non-OPEC oil supplies are sharply lower in December. Overall supplies are estimated to have slipped by more than 0.6 mb/d from the month prior, to 57.4 mb/d. A seasonal decline in biofuel production, largely...

Why TANAP/TAP a better alternative than Turkish Stream

The Trans Anatolian gas pipeline (TANAP) and the Trans Adriatic Pipeline (TAP), being realized within the Southern Gas Corridor project, aimed at the the transportation of the Caspian gas to Europe, provide a better alternative than Russia’s Turkish Stream project, Ariel Cohen, Nonresident Senior Research Fellow at the Atlantic...

Turkey Hunts for Alternatives to Russian Energy

With Russian-Turkish relations bottoming out after Turkey’s downing of a Russian military jet last November, Ankara is scrambling to reduce its dependency on Russian gas. But the help it needs from post-Soviet energy producers may not be swift in coming. The Caspian Sea state of Azerbaijan, Turkey’s closest ally in...

Ukraine tests new shipping route to Asia bypassing Russia

Ukrainian authorities on Jan. 15 launched an experiment that may allow the country to bypass Russia completely when shipping goods to Asia. A demo container train sent from the Illichivsk Port to Kazakhstan is now testing the new trade route. The train will arrive in Kazakhstan in 12 days. On...

SOCAR says no talks on commercial supplies of Iran gas via TANAP

The supplies of Iranian gas via the Trans-Anatolian pipeline (TANAP) were discussed only at the political level, not commercial, Vagif Aliyev, the head of the SOCAR Investment Department, said in an interview with Azerbaijani ANS TV channel. He said that TANAP pipeline is primarily being built for export of Azerbaijani...

Trans Caspian Pipeline project requires effective Russian diplomacy

Trans Caspian Pipeline project requires an effective diplomatic approach to Russia that would encourage Moscow to acquiesce to the supply of Turkmen gas to Europe, Dr. Micha’el Tanchum, a non-resident senior fellow with the Eurasian Energy Futures Initiative and Global Energy Center at the Atlantic Council believes. Tanchum told Trend...

World: TAP in top 10 of most important projects for world economy

Trans Adriatic Pipeline (TAP), via which Azerbaijani gas will be transported to Europe, ranked seventh in the list of the most important investment projects for the world economy, the daily magazine “News of Albania” reported Jan. 6. The list of projects was prepared by the popular Italian economic newspaper “Il...

Gas galore – Europe to become dumping market for global gas supplies

From Australia to the US, from the Middle East to the Mediterranean, new projects are being planned to bring natural gas to the European market. This supports the EU’s goal to create a competitive integrated European gas market. But will there be enough demand for all that gas, Energy...

Turkey has shelved Turkish Stream gas pipeline project, says President Erdogan

A planned gas pipeline project to link Russia and Turkey, dubbed the “Turkish Stream,” has been shelved by Turkey because its demands were not met, Turkish President Recep Tayyip Erdogan said on Dec. 5. Russia's energy minister said on Dec. 3 that Moscow has suspended talks on the project in...

Turkey takes a hit from the Russian hammer

The conflict between Russia and Turkey that was sparked by Turkey’s downing of a Russian fighter jet on Nov. 24 is too serious to be treated in any sense of sarcasm and with emotional outbursts. On Dec. 3, delivering his state of the nation address, Vladimir Putin voiced his anger...

Trans Adriatic Pipeline gains new shareholder

Snam S.p.A. (Snam) will become a shareholder in Trans Adriatic Pipeline AG by acquiring a 20 per cent stake in the project from Statoil. The news follows Statoil’s announcement that it has agreed to sell its shareholding in TAP, by which it will divest its 20 per cent interest stake...

Turkey agrees LNG import deal with Qatar

Botas of Turkey reportedly signed a memorandum of understanding regarding imports of liquefied natural gas from Qatar on a long-term basis. The deal was agreed during Turkey’s president Recep Tayyip Erdogan’s meeting with Qatar’s Emir Sheikh Tamim bin Hamad Al Sani. According to local reports, the memorandum of understanding is the...

Developing a Western Energy Strategy for the Black Sea Region and Beyond

In Developing a Western Energy Strategy for the Black Sea Region and Beyond, Senior Fellow at the Atlantic Council's Dinu Patriciu Eurasia Center and Global Energy Center Ariel Cohen addresses the urgent need for a European policy on Black Sea energy following Russia's annexation of Crimea. Dr. Cohen, himself...

Iran’s Energy Policy after the Nuclear Deal

Following the lifting of sanctions on Iran's all-important gas and oil sector, Tehran will seek to develop an "economy of resistance" by building out commercial relationships that increase other states' reliance on it, Atlantic Council Senior Fellow Dr. Sara Vakhshouri argues in Iran's Energy Policy After the Nuclear Deal. Using...

Trans Adriatic Pipeline: Socar preparing a feasibility studies for Montenegro

After the recent visit of Prime Minister Milo Djukanovic to Azerbaijan, the construction of the Trans-Adriatic gas pipeline and gasification of Montenegro is again in focus. The novelty, compared to previous conversations conducted on this subject, writes Dnevne Novine daily, is that Azerbaijan's state-owned energy company Socar plans to conduct...

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