Shah Deniz gas field

The countries of the European Union Italy, Greece and Bulgaria have imported natural gas from Azerbaijan for 1.6 billion euros in January 2023, Interfax-Azerbaijan reported.

Bulgaria has paid over 383 million euros for the purchase of Azeri gas in 2022. This was reported by the Russian news agency "Interfax" on Wednesday, citing unpublished data from the European Statistics Agency.

The amount represents an eightfold increase compared to the previous year, the agency notes.

The capacity of the Trans-Anatolian Natural Gas Pipeline (TANAP) will be doubled, Energy Minister Fatih Dönmez has announced.

The Azerbaijani state oil company, SOCAR, has agreed to import additional amounts of natural gas to Turkey amid a cut in the flow from Iran, a senior official of the company has said.

Turkey and Montenegro have agreed to make additional efforts to increase bilateral trade volume to $250 million by 2022, Perisa Kastratovic, Montenegro's ambassador to Ankara, said yesterday.

He called on Turkish investors to grab opportunities in the southern Balkan country in an online meeting with a group of Turkish journalists.

A cooperation and handover agreement for the Fier South gas facility was signed between Trans Adriatic Pipeline (TAP) AG, the Albanian Ministry of Infrastructure and Energy, and Albgaz Sh.a., a statement from TAP said on July 7.

TAP will design, procure and construct the gas exit point with a multimillion Euro investment.

Turkish Petroleum Corporation (TPAO) and the State Oil Company of the Azerbaijan Republic (SOCAR) could work together in field development and production of Turkey's giant gas discovery in the Black Sea, Vagif Aliyev, deputy chairman of SOCAR Turkey told reporters.

SOCAR has been investing and collaborating with Turkish Petroleum Corporation since 1994.

One-fifth of the pipeline capacity of the Trans Anatolian Natural Gas Pipeline (TANAP) can be used to transport hydrogen to Europe without the need for further investments, Elshad Nasirov, vice president for investment and marketing at SOCAR, said during a virtual event late Tuesday.

The Trans-Anatolian Natural Gas Pipeline (TANAP) has reached a plateau of its 16 billion cubic meters (bcm) annual capacity, the CEO of the company running the pipeline said on Jan. 14. 

Greece's state-controlled gas utility DEPA announced on Thursday that Greece started receiving natural gas from the Trans Adriatic Pipeline (TAP) after the completion of its construction in December.

DEPA signed a 25-year gas supply contract with TAP in 2013 for the supply of natural gas from the Shah Deniz field in Azerbaijan.