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Energy news
Bulletine Energy 


2017 July 26 ( Wednesday )  10:57:13
Print version
Русский 

Azerbaijan Increased Gas Deliveries to Turkey by 1.2%

Baku/26.07.17/ Turan: According to the results of January-May 2017, Turkey imported 2,768.71 mcm of pipe gas from Azerbaijan. This is reported in the monthly report of the Council for the Regulation of the Energy Market of Turkey (www.epdk.org.tr).

It should be noted that for five months of last year, according to the Council, the supplies of Azerbaijani natural gas to Turkey amounted to 2,735.42 mcm. Thus, in January-May of this year, gas exports from Azerbaijan to Turkey increased by 1.2% or 33.29 mcm.

Gas consumption in Turkey in May this year increased by 17.9%, compared to the corresponding period of the previous year and amounted to 3.435 bcm.

In May 2017, Turkey imported 3,266 bcm of gas via pipelines, and 461 mcm of gas (LNG) by tankers.

At the same time, Turkey purchased 1.948 bcm of gas from Russia, 722 mcm from Iran, and 595 mcm from Azerbaijan. Azerbaijan accounts for 15.96% of Turkey's imports.

In 2016, Azerbaijan exported to Turkey 6,479.87 mcm of gas.

* Azerbaijani gas is supplied to Turkey from the Shah Deniz field (operator - BP). -12B

Forty Percent of ТАР Pipeline in Ground - Consortium

Baku/26.07.17/Turan: The construction of the Trans Adriatic Pipeline (TAP) is advancing.

"Almost 40 percent steel pipes in Greece and Albania (303km out of 765km) now in the ground (back-filled). Taking steps towards boosting energy security," the press-service of TAP consortium said in a message July 25.

TAP is a part of the Southern Gas Corridor, which is one of the priority energy projects for the European Union. The project envisages transportation of gas from Azerbaijan's Shah Deniz Stage 2 to the EU countries.

The pipeline will connect to the Trans Anatolian Natural Gas Pipeline (TANAP) on the Turkish-Greek border, run through Greece, Albania and the Adriatic Sea, before coming ashore in Italy"s south.
TAP will be 878 kilometers in length (Greece 550 kilometers, Albania 215 kilometers, Adriatic Sea 105 kilometers, and Italy 8 kilometers).

It is expected that the construction of TAP will be completed in late 2019, and its operation will begin in early 2020.

* TAP"s shareholding is comprised of BP (20 percent), SOCAR (20 percent), Snam S.p.A. (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).

Azerbaijan Increases Production of Chemicals by 22%

Baku/26.07.17/ Turan: Chemical enterprises of Azerbaijan (PA Azerkimya) for the first half of 2017 increased their production volume in comparison with the same period of 2016 by 22.4%.

According to the State Statistics Committee of Azerbaijan, during the reporting period, the country produced chemical, pharmaceutical, rubber and plastic products for a total of 362.7 million manat. -0-

Azerbaijan Thermal Power Plant Increases Electricity Generation by 34%

Baku/26.07.17/ Turan: Azerbaijan Thermal Power Plant (TPP) in the first half of 2017 produced 3 billion 705 million kW / h of electricity.

As reported by Azerenergy OJSC, in the first half of 2016 the output at the TPP amounted to 2 billion 768 million kW / h. Thus, in January-June of 2017 the output increased by 33.8%.

"In June 2017, the station produced more than 736 million kW / h of electricity. Every day 31-32 million kW / h of electricity is produced at the station," the company said.

At the Azerbaijan TPP there are 8 units with 300 MW of installed capacity each. A significant part of the electricity generated in Azerbaijan is produced at this TPP. Here, natural gas and fuel oil are used as fuel. -12D--

Baku-Supsa Pipeline`s Segment Remained under Control of South Ossetian Separatists

Baku/26.07.17/ Turan: The section of the Baku-Tbilisi-Supsa oil pipeline (operator - BP) passing through the territory of the Karapila settlement in the Kaspi district has come under the control of the South Ossetian separatists.

As the Georgian newspaper Rezonansi writes, the Georgian Foreign Ministry called this action of the separatists "provocation" and estimated it as a continuation of the occupation.

"First and foremost, this is a provocation and it is very important to stop this action together with the international community. This is the policy that we will actively pursue," Foreign Minister Mikhail Dzhanelidze said. This fact was confirmed in the Georgian State Security Service.

The chairman of the parliamentary committee for defense and security Irakli Sesiashvili noted that the risks associated with the Baku-Supsa oil pipeline were taken into account when planning the project, therefore there are alternative options.

* The Baku-Supsa pipeline was put into operation in April 1999. It supplies oil to the world market from the Caspian field Chirag (operator - BP). Last year it pumped 4 million tons of oil. -12B

Zarubezhneft and NIOC Sign Agreement on Exploration of Deposits

Baku/26.07.17/ Turan: NIOC and the Russian state oil company Zarubezhneft have concluded an agreement on the exploration of the Shadegan and Rag Sefid fields in Iran"s Khuzestan province.

According to the contract signed by the National Iranian Oil Company, Zarubezhneft will submit its plan for the development of the Shadegan and Rag Sefid oil fields within 9 months, IRNA reports.

In addition to Zarubezhneft, Russian oil companies Gazpromneft and Rosneft signed a Memorandum with Iran on preliminary exploration of deposits in Iran.

In July 2016, Zarubezhneft also signed a memorandum of understanding on the development of two fields - Aban and Western Peydar with the National Iranian Oil Company.

The oil fields Shadegan and Rag Sefid are two of the largest deposits in the southwestern part of Iran in the Khuzestan province. -0-

Yamal LNG Project to Work Ahead of Approved Schedule

Baku/26.07.17/ Turan: The second and third lines of the Yamal LNG plant, which produces liquefied natural gas, are planned to be commissioned ahead of schedule. This was announced on July 24 at a press conference by the Chairman of the Board of the main shareholder of the future enterprise, Novatek Company, Leonid Mikhelson.

The first line of the first LNG plant in the Russian Arctic will work already at the end of 2017. "We will try to start Yamal LNG as soon as possible. We planned to enter each line at the end of 2017, 2018, 2019. I think the second line will be introduced a month or three earlier. And the third line will be introduced 6-9 months earlier," Mikhelson said.

The Yamal LNG plant will operate on the resource base of the Yuzhno-Tambeyskoye field in Yamal. The designed capacity of the enterprise after the commissioning of the entire three lines will reach 16.5 million tons of liquefied gas or 22.7 bcm of natural gas per year.

* In addition to Novatek (50.1%), the French oil and gas concern Total (20%), the Chinese state corporation CNPC (20%) and the Silk Road Fund (9.9%) are the shareholders of the Yamal LNG company. The total cost of the construction, including transport infrastructure, is $ 27 billion. 96% of the total LNG volume that will be produced here is already contracted. The main buyers are the countries of the Asia-Pacific region. -0

Halliburton: Shale Companies Reduce Drilling Activity

Baku/26.07.17/ Turan: US shale companies suspended activity in drilling oil wells, trying to optimize their expenses, while oil prices tend to $ 50 per barrel, the Chairman of the Board of Directors of the American oilfield service company Halliburton Dave Lazar said.

"The increase in the number of drilling rigs seems to have stopped and the customers are pressing on the brakes. This means some companies make rational decisions in the interests of their shareholders," Bloomberg cited him as saying.

According to Baker Hughes, according to the results of the working week that ended July 21, the number of drilling rigs in the US fell by two, or up to 950 units. These data and Halliburton statements may become yet another proof that the oil industry may be cutting the costs, while OPEC and its allies" efforts to raise oil prices have previously failed, the agency estimates. -0-