By Viktar Katan


Experts are talking about the defeat of the EU, as Nabucco even as Nabucco West - has remained on paper. With TAP pipeline EU got the chance to direct supplies from the Caspian Sea 10 billion cubic meters of gas per year from 2019-th. But it will apply only to the two countries - EU member states through which the pipeline will pass - Greece and Italy. Having given the benefit of TAP, Azerbaijan lost the chance to get to Central Europe, where there will be a positive growth of gas consumption. The State Oil Company of Azerbaijan, or SOCAR, as a group of Western companies - participants of the Shah Deniz consortium and TAP, frankly scared to compete with "Gazprom". But for Baku it is not only in the gas.


Major events in Caspian countries' oil and gas industry


Azerbaijan and Italy discuss prospects of cooperation in energy sector READ MORE

Bucharest to host next meeting of AGRI project participants

Meeting of Economy and Energy Ministers of the countries participating in AGRI project - Azerbaijan, Romania, Hungary and the next meeting of the Managing Board of AGRI LNG Co., a company set up for the project implementation, will be held May 26-27 in Bucharest, SOCAR (State Oil Company of Azerbaijan) said in a statement. READ MORE

Putin Looks Sour Loser On Nabucco

By Vladimir Socor

Russia seems to have lost its lobbying battle in Europe for its South Stream pipeline carrying gas and against rival Nabucco, which is planned to run from Azerbaijan via Turkey to the European markets. At present, Moscow seeks as a last resort to negate the availability of gas supplies to the Nabucco project in the Caspian basin. READ MORE

European Commission To Probe Russia-Poland Gas Deal

The European Commission will study a Russian-Polish gas deal to make sure it complies with European Union legislation, European Commission President Jose Manuel Barroso said on following a meeting with Poland's President Bronislaw Komorowski. READ MORE

Russia, Azerbaijan to sign deal on boosting gas supplies

Russian gas giant Gazprom and Azerbaijan's state oil and gas company will sign a deal to increase supplies of Azerbaijani gas to Russia in 2011-2012 during the Russian president's visit to Baku on Thursday, RIA Novosti reported. READ MORE

Azerbaijan, Romania And Georgia Signed Memorandum On Gas Supplies

Azerbaijan, Georgia and Romania signed a memorandum on cooperation in gas sphere in Bucharest, SOCAR Representation in Romania said . READ MORE

Delays In Turkish-Azeri Gas Deal Raises Uncertainty Over Nabucco

By Saban Kardas

Turkey and Azerbaijan have proven unable to conclude their negotiations on natural gas cooperation, which have been in progress for over one year. Turkish-Azeri gas talks include several issues involving the revision of the price Turkey pays for its imports from Shah Deniz-I, the determination of the volume and price for its imports from Shah Deniz-II, and agreement on the volume and conditions for the transit of Azeri exports to Europe through Turkish territory. READ MORE

Europe can lose part of Azerbaijani gas

By S.Aliyev

In 2010, Azerbaijan will produce over 28 billion cubic meters of gas, the republic will have free volume of fuel for export. Along with the traditional markets of gas sale such as Georgia and Turkey, this year Azerbaijan starts supplying gas to new markets - Russia and Iran. READ MORE

Azerbaijan’s Gas Going East?

By Alexandros Petersen

Azerbaijan’s ongoing dispute with Turkey about transit terms and revenues for natural gas heading to Europe across Anatolia, as well as uncertainties about the Nabucco pipeline project, have compelled highest-level officials at Azerbaijan’s State Oil Company (SOCAR) to publically consider the option of exporting hydrocarbons eastward, potentially to China and other East Asian markets. However, as Baku would have to surmount significant hurdles to make that proposition a reality, it remains to be seen whether a reorientation of Azerbaijan’s energy posture is in the cards, or whether this is just rhetoric to spur the development of Western-oriented projects. READ MORE