South Pars

Auditor: Turkmen gas field is world's 2nd largest

By Peter Leonard

The isolated former Soviet nation of Turkmenistan is likely sitting on top of the world's second-largest gas field, British energy auditor Gaffney, Cline & Associates said Wednesday. READ MORE

Azerbaijan Seeks Alternative Gas Export Routes: Sending a Signal to Ankara

By Fariz Ismailzade

“We are interested in exporting our resources through different routes,” Azerbaijan’s President Ilham Aliyev stated during his visit to Bulgaria on November 13. On the same day, he paid a short working visit to Sofia to meet his counterpart Georgi Parvanov and to sign an inter-governmental agreement on the transit of Azeri gas to Europe though the Black Sea. This was the third agreement signed with a foreign country during the past month. Previous agreements were signed with Russia and Iran. Analysts believe that these latest developments hint at Baku’s plans to diversify its export options and reduce its dependence on the so-called “Turkish route”. READ MORE