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Recent information regarding the ongoing Southeastern and Central European natural gas pipeline project of South Stream, point out that a significant shift in priorities is in motion. More specifically, the Head of the Project Management Department of Gazprom, Leonid Chuguno, stated to both Greek and...
Energy ministers from countries involved in the construction of the Nabucco West gas pipeline—Turkey, Bulgaria, Romania, Hungary and Austria—and their counterpart from Azerbaijan, met in Vienna on 8 October to support the project politically. The aim of the pipeline is to supply Eastern and...
Gazprom and Slovenia have signed a final deal to build the Slovenian setion of the South Stream gas pipeline. In a statement issued today, Gazprom said that the deal was signed by its CEO Alexei Miller and Slovenia’s Plinovodi d.o.o. General Director Marjan Eberlinc in the presence of Russian...
The DEPA privatization process by the Greek government reached an most important phase, with receipt of final offers by international energy companies including Gazprom and SOCAR interesting in buying a controlling stake in Greece's natural gas company. Out of original 14 candidates, four expressed...
BTC and Beyond: Can the BTC Experience be Replicated in the Southern Corridor? This was the main question asked in a conference organized by the European Center for Energy and Resource Security (EUCERS) in collaboration with the European Azerbaijan Society (TEAS) and the German Institute for International...
The Bulgarian section of the Nabucco pipeline has formally entered into the Environmental Impact Assessment (EIA) Approval phase, the Nabucco National Company has announced. The documentation relating to the EIA procedure was submitted to the Ministry of Environment in the capital, Sofia, on...
BP, Statoil and Total have agreed to acquire a combined 29 percent in the Trans-Anatolian natural gas pipeline project (TANAP). Rovnag Abdullayev, head of SOCAR, said that BP and Statoil each would each hold a 12 percent stake, while Total would hold a five percent interest. The holdings would...
When will the Shah Deniz consortium take its Final Investment Decision (FID) for the production of the second phase of this giant gas field in Azerbaijan? When will the consortium decide, which is the preferred pipeline route to Europe: the Nabucco West pipeline or the Trans Adriatic Pipeline (TAP)? Currently, ...
Recent weeks have seen much news and analysis by Russian, UK and other commentators on the TNK-BP takeover, which will make the Russian listed company Rosneft one of the world’s biggest oil producers. Though listed, Rosneft is state controlled - over 70% of its equity is controlled by the government...
Gazprom and Hungary have concluded agreement for construction of part of the South Stream gas pipeline in the central European country. Alexander Medvedev of Gazprom shook hands on the deal with Csaba Baji, chairman of MVM, Hungary’s largest energy provider. The joint venture is known as South...
