Energy in Azerbaijan

Azerbaijan has confirmed the supply of 12 billion cubic meters of gas to the EU in 2023, DPA reported, quoted by BTA.

The country will export a total of 24 billion cubic meters of gas in 2023, half of which will go to Europe, Azerbaijani President Ilham Aliyev said on state television.

So far, 8.1 billion cubic meters have been delivered annually.

Electricity from Bulgaria in exchange for gas from Azerbaijan - such an agreement was made during the visit of the Minister of Economy and Industry Nikola Stoyanov to Baku. On BNT, the minister said that with such a scheme - barter gas for electricity, we could receive quantities in the next 4-5 months, when we need it most in the winter.

Azerbaijan, via its state energy company SOCAR, is ready to engage in Bulgaria's gasification at its own expense. The statement was made by the President of Azerbaijan Ilham Aliyev on the occasion of a visit by the Prime Minister of Bulgaria Boyko Borissov to the central Asian country, EurActiv reports. 

The Trans-Anatolian Natural Gas Pipeline (TANAP) project expects BP to resolve outstanding issues soon to become a stakeholder in the multi-billion dollar project that aims to reduce Europe's reliance on Russian gas, a TANAP official said on late March 11.

Turkey is eager to host oil pipelines that will connect much-needed energy resources with global markets, Energy Minister Taner Yıldız has said, while signaling a conditional willingness to transport much-disputed Eastern Mediterranean resources.

Energy Minister Yiannis Maniatis in Tuesday announced state sell-off fund TAIPED’s proclamation of a tender for the creation of a natural gas storage facility at the South Kavala reserve in eastern Macedonia.

Turkmenistan has signed an outline deal with Turkey to supply gas to a new pipeline that could help Europe reduce its dependence on Russian gas imports.

The two countries struck a so-called framework agreement on Oct. 7 for Turkmenistan, which is keen to diversify exports of its gas to world markets, to supply gas to the proposed Trans-Anatolian natural gas pipeline project (TANAP).

The agreement to go on with the Trans-Anatolian gas pipeline (TANAP) was signed in Turkey's biggest city Istanbul.

Six Turkish companies are to supply most (80%) of the steel pipes needed for the 1800-km-long pipeline, Hürriyet Daily News reports.

The remainder will be provided by German-based Chinese Baosteel Europe.

Bulgaria should specify the point at which it will receive gas from Azerbaijan by 2020, the deadline for the completion of the Trans-Adriatic pipeline (TAP), according to Rovnag Abdullayev, President of the State Oil Company of Azerbaijan Republic (SOCAR).

Turkish construction company Tekfen has won a $2 billion contract to build two oil plat-forms in the Caspian Sea, Turkey’s energy minister has announced.