• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 2 days The Discount Airline Model Is Coming for Europe’s Railways
  • 20 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 7 hours Starvation, horror in Venezuela
  • 1 day Pakistan: "Heart" Of Terrorism and Global Threat
  • 15 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 15 hours Saudi Fund Wants to Take Tesla Private?
  • 1 day Venezuela set to raise gasoline prices to international levels.
  • 1 day Are Trump's steel tariffs working? Seems they are!
  • 8 mins Corporations Are Buying More Renewables Than Ever
  • 2 days WTI @ 69.33 headed for $70s - $80s end of August
  • 2 days Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 8 hours China goes against US natural gas
  • 9 hours Why hydrogen economics does not work
Alt Text

Ghana Boosts Natural Gas Production

Momentum in Ghana’s hydrocarbons industry…

Alt Text

New Shipping Regulation Could Be A Boon For LNG

The International Maritime Organization’s sulfur…

Alt Text

Is This The Next Natural Gas Giant?

Nigeria has long been renowned…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Azeri Gas Sells Big in Europe

Bottom Line: Europeans are lining up for Azeri gas futures from Shah Deniz, playing to Baku’s tune of multiple customers.

Analysis: At the gas sale of the century in Azerbaijan’s capital Baku, on 19 September, nine European companies signed 25-year contracts to buy from Azerbaijan’s Shah Deniz field for Phase II production. The contracts will start probably around 2019, when the first gas is piped to Europe through the Azeri-led Trans-Anatolia Pipeline (TANAP) with Turkey, which links up to another planned pipeline, the Trans-Adriatic Pipeline (TAP) that will go through Italy and up to Western Europe.

The buyers include:

•    Gaz de France: 65 bcm (2.6 bcm per year)
•    E.ON Ruhrgas (Germany): 40 bcm (1.6 bcm per year)
•    Gas Natural Fenosa (Spain): 25 bcm (1 bcm per year)
•    Bulgargaz (Bulgaria): 25 bcm (1 bcm per year)
•    Hera Trading (Italy): 7.5 bcm (300 mcm per year)
•    Axpo Holding (Switzerland): unknown volume
•    Shell: unknown volume
•    ENEL (Italy): unknown volume
•    DEPA (Greece): unknown volume

Recommendation:  These contracts will become effective as soon as the Shah Deniz consortium makes its final investment decision on Phase II production, which could be by the end of this…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News