revista presei pe energie 25 octombrie – part III

2010/10/25 Azerbaijan exported 13.1bn cm of gas this year

Azerbaijan exported 13.1 billion cubic meters of gas via main pipelines in the first nine months of 2010, the country’s State Statistical Committee announced.

According to the committee, nearly 40 percent of the total volume of the exported gas was transported through the Baku-Tbilisi-Erzurum pipeline. Azerbaijan increases oil production

In January-September 2010 Azerbaijan produced 38,551,000 tons of oil.

Oil production has increased by 1.9% over January-September 2009, according to sources in the State Statistical Committee.

Of the overall volume produced oil, the Azerbaijan International Operating Company, developing Azeri-Chirag-Guneshli fields accounted for 32.2m tons (considering the condensate from the Shah Deniz field). The oil production by AIOC has increased by 2.5% over January-September 2009. The oil production by SOCAR made up 6,351,000 tons.

In 2009 Azerbaijan produced 50,376,000 tons of oil. Oil production has increased by 13.5% over 2008.

Of the overall volume, AIOC, developing the Azeri-Chirag-Gunesli fields accounted for 41.9m tons (considering condensate from Shah Deniz field). Russian deputy PM: “Nabucco project has no perspective at all”

Nabucco project has no perspective at all, Russian Deputy Prime Minister Igor Sechin told journalists.

“We can say taking the evaluations of Turkmenistan side and European and world experts into accounts Nabucco has no perspective at all. The current situation at gas market proves this.

According to him there is no need realization of Nabucco deal with lack of the perspective for increasing of gas transportation. Nord Stream will be launched and South Stream will be developed until its realization.

Note that, Nabucco is the new gas bridge from Asia to Europe and the flagship project in the Southern Corridor. It will be a pipeline to connect the world’s richest gas regions – the Caspian region, Middle East and Egypt – to the European consumer markets.

The pipeline will link the Eastern border of Turkey, to Baumgarten in Austria – one of the most important gas turntables in Central Europe – via Bulgaria, Romania and Hungary. When completed the 3,300 km pipeline’s annual capacity will be 31 bcm. The construction of the pipeline is supported by the 2009 Intergovernmental Agreement signed in Ankara in July 2009, which harmonises the legal framework and grants stable and equal transport conditions for all partners and customers.

It is widely acknowledged that Central and Western Europe will face a considerable shortfall in its energy supply over the next two decades, with gas prices expected to increase as domestic production declines. Consequently, it is crucial that new infrastructure be established to meet further demand and ensure both security of supply and supply diversification.

The main pipeline will be built in one phase from Ankara to Baumgarten. Construction will start in 2012, with the first gas flowing in 2015. Russia and Turkmenistan postpone Caspian Gas Pipeline construction

Russia and Turkmenistan agreed to postpone construction of the Caspian Gas Pipeline during the Russian President Dmitriy Medvedev’s recent visit to Turkmenistan, Russian Deputy Prime Minister Igor Sechin told Kommersant newspaper, APA-ECONOMICS reports quoting RBC news agency.

The project was postponed because of expectations of small rising gas market research rate in European Union, which will create problems in gas transportation to Europe, Sechin said.

He added that the project has been suspended temporarily and its future would depend on the market conditions.

According to the diplomatic sources, Turkmen President Gurbangulu Berdimuhammedov was dissatisfied with postponing of the Caspian Gas Pipeline project and it could encourage Turklmenistan to join Nabucco.

Gazprom began talks with Turkmenistan to persuade Ashgabat to avoid this idea and to join the Turkmenistan-Afghanistan-Pakistan-India gas pipeline project, Kommersant said. Gazprom is looking forward to be an investor in this project, which is evaluated as Russia’s intention to assist Turkmenistan to get access to the Asian gas market and to prevent its joining Nabucco project.

Sechin said Nabucco had no prospects.

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