• 5 minutes Trump vs. MbS
  • 9 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 15 minutes Can the World Survive without Saudi Oil?
  • 2 hours WTI @ $75.75, headed for $64 - 67
  • 4 mins Who's Ready For The Next Contest?
  • 59 mins The Dirt on Clean Electric Cars
  • 41 mins These are the world’s most competitive economies: US No. 1
  • 34 mins The end of "King Coal" in the Wales
  • 8 hours Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 1 day Uber IPO Proposals Value Company at $120 Billion
  • 10 hours Saudi-Kuwaiti Talks on Shared Oil Stall Over Chevron
  • 1 hour EU to Splash Billions on Battery Factories
  • 9 hours Coal remains a major source of power in Europe.
  • 17 hours Poland signs 20-year deal on U.S. LNG supplies
  • 6 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 1 day Nopec Sherman act legislation
Alt Text

Russia To Resume Gas Imports From Turkmenistan

According to Aleksei Miller, Gazprom’s…

Alt Text

Trump Insiders Ramp Up Rhetoric Against Russian Energy

Trump insiders, including hawkish chief…

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