Latest news

BP examines the possibility of drilling a new well in the Caspian Sea.

BP, the largest foreign investor in Azerbaijan which operates the technical aspects of the project on the development of the Shah Deniz gas field wants to build new production well in the Caspian Sea.

read more... 30/12/2010


Nabucco will make final investment decision by the end of 2011.

According to the spokesman of Nabucco, a supply contract with Azerbaijan should be finalized in 2011 as talks have intensified.

read more... 26/11/2010


Azerbaijan delays decision for Shah Deniz II gas fields.

Nabucco, the pipeline that should ensure supply of natural gas to the EU, will be delayed as Azeri take longer than expected to make a decision in which project should extract gas from the Shah Deniz II.

read more... 11/10/2010


Nabucco encounters competition for Azerbaijan gas.

The talks with Baku for turn out to be more complicated than first estimated as the Azeri government declared that the contract will go to whoever offers the highest price.

read more... 04/10/2010


Hungary joins AGRI LNG Interconnector gas supply project

Hungary has signed an agreement with Azerbaijan, Romania and Georgia to join the Azerbaijan-Georgia-Romania Interconnector (AGRI) project, which would help diversify energy supply as the Hungarian government said on Tuesday.

read more... 15/09/2010