Four western Balkans nations signed a memorandum of understanding with Azerbaijan state Socar on co-operation on building the Ionian Adriatic pipeline (IAP) on the sidelines of a Dubrovnik forum 25-26 August. The declaration of intent to develop the 5bn m³/year line was originally signed in 2007 by Croatia, Montenegro and Albania. The length of the […]
Iran’s gas plans for Caucasus Iran says it is preparing to triple gas exports to Armenia, start exports to Georgia and store its gas in Azerbaijan’s underground facilities. For now, Iran barters about 1mn m3/d of gas with Armenian power at 1 m3 per 3kWh. Iran said this week that the volume of the gas-to-power […]
Baku, October 14, “Natural gas to be produced from “Shah Deniz 2″ till 2044, has already been distributed among companies from 8 countries on the basis of a contract signed for a period of 25 years”, said Deputy Energy Minister of Azerbaijan Natig Abbasov in an interview to Russia’s “news.rambler.ru” website. Russia’s “news.rambler.ru” website distorted […]