Showing posts with label Georgia. Show all posts
Showing posts with label Georgia. Show all posts

Friday, April 27, 2018

Giant gas pipeline boost for Turkey amid turmoil - ARAB NEWS




April 27, 201813:10
Richard Wachman
  • Turkey’s aim to become regional energy hub not yet achieved
  • Ankara to collect transit fees, tariffs and taxes
It has been a decade in the making: The $40 billion Southern Gas Corridor (SGC), arguably the gas industry’s most significant and ambitious undertaking yet, involving seven governments and 11 companies.

The 3,500 kilometers pipeline corridor is one of the biggest infrastructure projects in the global oil and gas industry, bringing Caspian gas through three linked networks across Azerbaijan, Georgia, Turkey, Greece and the Adriatic Sea to southern Italy where it can be conveyed to European markets.

SGC has been pushed by the EU since 2008 as a strategic imperative to reduce the bloc’s dependence on Russian gas, and has been bankrolled by EU and international funding, including loans from the Asian Infrastructure and Investment Bank, which counts Saudi Arabia and UAE as members.

Saturday, December 30, 2017

SCPX project: construction complete at majority of facilities in Georgia - TREND NEWS AGENCY


30 December 2017 10:04 (UTC+04:00)

Construction work has been completed at majority of facilities as part of the South Caucasus Pipeline Expansion (SCPX) project in Georgia, Trend learned from Georgia’s Ministry of Economy and Sustainable Development.

"SCPX compressor stations’ construction is progressing. The first compressor station (CSG1), as well as pressure reduction station at Georgian-Turkish border (Area 81), the 62-kilometer SCPX pipeline extension, including connection with TANAP at the Turkish border is completed," said the source in the ministry.

The construction of the second compressor station (CSG2) is 90 percent complete, added the source.

"The expansion of South Caucasus pipeline is one of the most important developments in terms of energy security of Georgia and larger region, said the source.

Wednesday, July 5, 2017

Azerbaijan's H1 2017 oil exports via Turkey pipeline fall 12% yr/yr - HYDROCARBON PROCESSING / REUTERS

JULY/5/2017
Reporting by Nailia Bagirova; writing by Margarita Antidze; editing by Jason Neely

BAKU (Reuters) — Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey fell 11.8% year on year in the first half of 2017 to 13.174 MMt from 14.930 MMt in the same period last year, state energy company SOCAR said on Wednesday.

Oil exports through the BTC in 2016 totaled 28.86 MMt, up 1.3%.

Azerbaijan exports oil via the pipeline from the Azeri, Chirag and Guneshli (ACG) oil fields operated by BP.

Monday, April 17, 2017

Azerbaijan foreign minister, SOCAR vice-president for Malta visit - MALTA TODAY

17 April 2017, 8:31am

The foreign minister of Azerbaijan will lead a delegation in a visit to the Maltese prime minister later on this afternoon, in a three-day visit.

The 6:30pm visit from Elmar Mammadyarov, which includes executives from the state oil and gas company SOCAR, was revealed by Malta Independent columnist Daphne Caruana Galizia. Over the weekend, her allegations of money transfers from an Azerbaijan bank account to the Panama offshore companies held by the PM’s chief of staff Keith Schembri and minister Konrad Mizzi were instantly met with two libel actions.

Thursday, April 6, 2017

SCPX pipeline network on track for completion next year - UPSTREAM ONLINE

6 Apr 2017 09:47 GMT
Kama Mustafayeva

The Azeri and Georgian pipeline network that will feed Shah Deniz gas to the Trans Anatolian Pipeline (Tanap) is likely to be completed next summer, writes Kama Mustafayeva.

The pipeline, known as SCPX, will be ready to receive production from Shah Deniz 2 in late June next year, according to Tanap managing director Saltuk Duzyol. "We plan to make our first gas delivery at the end of June 2018 if everything goes according to schedule. We are keeping costs relatively low," Duzyol said.

About 77% of the so-called "phase zero" of Tanap , which runs from the Turkish-Georgian border to Eskisehir has already been completed.

Thursday, March 9, 2017

SOFAZ allocated over $1B for Southern Gas Corridor - TREND NEWS AGENCY

9 March 2017 08:30 (UTC+04:00)
Baku, Azerbaijan, Maksim Tsurkov

The State Oil Fund of Azerbaijan (SOFAZ) allocated more than $1.23 billion or 1.53 million Azerbaijani manats for the Southern Gas Corridor (SGC) project in 2014-2016, says a report on the activity of Azerbaijan’s Cabinet of Ministers in 2016.

The report says that in 2016, in order to finance the Azerbaijani government’s share in the Southern Gas Corridor CJSC, SOFAZ transferred 797.4 million manats ($495.2 million) to the country’s Economy Ministry.

Expenditures for this purpose accounted for 33.9 percent of SOFAZ’s planned budget.

Sunday, June 12, 2016

Saudi Arabia and Turkey’s pipeline wars in Yemen and Syria - ASIA TIMES

CHRISTINA LIN, JUNE 12, 2016

Saudi Arabia’s pursuit of the war in Yemen, at considerable cost in blood and treasure, is a literal affirmation of the term “backdoor strategy.” However, both the “door” and the actual contours of that strategy remain submerged beneath the murky waters of Mideast politics.




In June 2015, a senior advisor on Yemen in the Netherlands Ministry of Foreign Affairs, Joke Buringa, wrote an article regarding Saudi Arabia’s interest in building an oil pipeline through Yemen. Her piece underscored the energy geopolitics behind Riyadh’s bombing campaign over the past year.