Nabucco encounters competition for Azerbaijan gas.

04/10/2010 10:10 Natural 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.

In this context, Dimitar Abadjiev, Nabucco Gas Pipeline International's head of corporate affairs said that Iraq looks more reliant, they’re much less dependent on Russia, plus it’s on the border with Turkey, thus they already had preliminary talks. The main contender of Nabucco for the gas is the Russian Gazprom whom declared that they basically had the best price compared to the other contract seekers. The result of the negotiations will be made official later this year. Abadjiev also said that they projected to see the first gas from Iraq and Azerbaijan in 2015.

Yamal-Europe pipeline gas flows dive

27/05/2020 09:23:00

Deliveries along the Yamal-Europe pipeline dropped sharply on 24-25 May and were nominated even lower today, likely driven by weaker European demand for Russian gas.


UK’s power system emissions hit all-time low and wholesale power prices go negative

27/05/2020 09:19:00

The two records were set over the weekend as renewable energy generation soared, coinciding with continued low demand due to the ongoing coronavirus lockdown.


Daily (26.06.2020): German forward prices increased by over 2% on Monday tracking stronger carbon prices

26/05/2020 13:15:00

Oil markets were relatively quiet with no significant movements on Monday due to Memorial Day in US and Spring Bank Holiday in the UK. However, o firmer demand and output cuts lent support to prices.