• 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
  • 12 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 5 mins Pakistan: "Heart" Of Terrorism and Global Threat
  • 1 day Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 5 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 5 hours Venezuela set to raise gasoline prices to international levels.
  • 1 day Batteries Could Be a Small Dotcom-Style Bubble
  • 1 hour Renewable Energy Could "Effectively Be Free" by 2030
  • 17 hours Saudi Fund Wants to Take Tesla Private?
  • 1 day Starvation, horror in Venezuela
  • 18 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 1 day France Will Close All Coal Fired Power Stations By 2021
  • 1 day Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 10 hours Corporations Are Buying More Renewables Than Ever
Global Energy Advisory – 17th August 2018

Global Energy Advisory – 17th August 2018

The Permian is still undoubtedly…

Gulf Coast Refineries Process Record Volume Of Crude

Gulf Coast Refineries Process Record Volume Of Crude

U.S. refiners are churning out…

Nabucco Consortium Bids for New Azeri Natural Gas Production

Nabucco Gas Pipeline International GmbH has submitted a comprehensive transportation proposal to the consortium developing Stage 2 of Azerbaijan’s offshore Caspian Shah Deniz natural gas field. Nabucco Gas Pipeline International GmbH Managing Director Reinhard Mitschek stated, “We are convinced that Nabucco offers the best way to transport gas from Azerbaijan and other countries. Political support and stability has been granted by a treaty with a duration of 50 years signed by all five transit countries as well as by bilateral project support agreements.”

Azerbaijan is currently entertaining four other bids besides Nabucco’s for its increased natural gas exports from its offshore Caspian Shah Deniz field. According to British media reports, British Petroleum is contemplating offering to build Baku a 800 mile-long alternative pipeline for the natural gas exports through Turkey onwards to the Romanian-Hungarian border.

The 56-inch, 2,050-mile Nabucco pipeline, first proposed in 2002, has a cost initially estimated at $11.4 billion and rising, Istanbul’s Hurriyet newspaper reported. Interest in Nabucco has been revived following French energy giant Total’s announcement last month of massive reserves in its Absheron X-2 block, less than 20 miles from Shah Deniz, which is believed to have large pockets of gas spread over a 100 square mile field, up to a total of several trillion cubic feet of gas and associated condensates.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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