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News - Azerbaijan

Displaying 1 - 10 of 237 articles

SOCAR and its Greek Gas Market Struggles

In mid-2013, Azerbaijan's SOCAR landed a deal with the Greek government under which it would assume control of its gas transmission company, DESFA, by acquiring 66% of the shares. Since then the agreement has been essentially frozen due to the EU Commission's objections, despite continuous lobbying from...

Baku’s Energy Strategy for Southeast Europe

Background During President’s Ilham Aliyev official visit to Athens on 15 June, energy issues will be top of the agenda: Greece is becoming increasingly important for Azerbaijan as a gateway to the European gas market, and for the Southern Gas Corridor (SGC) project as a whole. Now that the Trans-Adriatic...

Turkey Will Not Increase its Stake in TANAP, Yildiz Says

Turkey does not plan to increase its stake in Azeri-Turkish Trans Anatolian Natural Gas Pipeline Project (TANAP), Turkish Energy Minister Taner Yildiz said. In the sidelines of a signing ceremony of SOCAR's Star Refinery's $3.3 billion credit in Istanbul, Yildiz stated that Turkey will keep its 30% stake...

TPAO to Boost Shah Deniz Stake

TPAO, the Turkish state oil company, will acquire Total SA’s stake in the Shah Deniz gas project. In a deal signed in Istanbul on Friday, the Turkish state oil company acquired Total SA’s ten per cent stake in Azeri gas project. According to a statement, the transaction is valued at $1.

South Stream and TAP: Working to Double Standards?

The Trans-Adriatic Pipeline (TAP), an 870 km-long pipeline designed to carry Azeri gas to Europe, has received the red carpet treatment from the European Union. It has obtained exemptions from the rules governing gas transmission networks in the EU, been ushered through the regulatory steps involved...

Coming Attractions: Southern Corridor Update

For some in Europe, the diversification of natural gas supplies has taken on a greater urgency, something which made news about the Southern Corridor project and prospects for increased deliveries from Azerbaijan good news coming down the pipeline at Flame in Amsterdam, the Netherlands (even if first...

Southern Corridor Woes

The Southern Corridor project, a multibillion energy infrastructure endeavor that includes the TANAP-TAP system of pipelines, appears to be facing certain issues that could potentially derail the timeline of is construction and certainly cause anxiety amongst stakeholders. More specifically, French...

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