SGC project is being implemented before the plan

16/02/2018 16:54 Natural Gas


The Southern Gas Corridor (SGC) project is going to be implemented ahead of schedule, as stated today during a press conference in Baku by the Regional President of BP for Azerbaijan, Georgia and Turkey Gary Jones.

He mentioned that the implementation expenses of the SGC project will be lower than the funding envisaged in the project budget. Jones also affirmed that this is the largest project implemented by British Petroleum.

The Southern Gas Corridor estimated at $41.5 billion, represents one of the main energy projects for the EU, which has as a goal the diversification of gas sources. The project aims to convey gas from the Caspian region to the European countries via Georgia and Turkey.

At the beginning stage, the gas to be produced as part of the Stage 2 of expansion of Azerbaijan's Shah Deniz field represents the primary source for the Southern Gas Corridor projects. Other sources can also link to this project at the future stages.

As part of the Shah Deniz Stage 2, the gas will be transported to Turkey and European markets by extending the South Caucasus Pipeline and the building of Trans-Anatolian Natural Gas Pipeline and Trans Adriatic Pipeline.

20 Fossil Fuel Companies Generate One Third Of All Global Emissions

10/10/2019 16:26:00

New data compiled by the United States-based Climate Accountability Institute and revealed by the Guardian confirms what many already know: at the core of the climate crisis is the fossil fuel industry. The crucial finding from the analysis is that 20 oil, gas and coal companies can be directly linked to over one third of all energy industry greenhouse gases in modern history. Despite knowing the destruction and dangers their activities pose to our planet and people, fossil fuel companies have been driving climate change and hold the key to avoiding impending disaster. What this points to is the urgent need for divestment, in spite of skepticism amongst some leaders.


BP, Shell among bidders in $800 million Brazilian oil auction

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BP Plc, Chevron Corp and Royal Dutch Shell Plc are among the companies that will compete for exploration and production rights off the Brazilian coast on Thursday, in the first of three oil bidding rounds scheduled for coming weeks.


Poland plans to triple solar energy capacity this year

10/10/2019 13:03:00

Poland, which generates most of its electricity from coal, is planning to triple its solar energy capacity this year, Prime Minister Mateusz Morawiecki told Polish radio on Wednesday.