Latest news
Nord Stream opened by Merkel and Medvedev
The Nord Stream project was officially opened on November 8, in the German town of Lubmin, by the German Chancellor Angela Merkel and the Russian President Dimitry Medvedev. The new gas pipeline will deliver Siberian gas directly to German gas consumers under the Baltic Sea bypassing the transit countries such as Ukraine and Poland.
read more... 09/11/2011
Serious queries over BP pipeline
Recently, Azerbaijan and Turkey consented to use the spare capacities in the Turkish pipelines as to transport Azerbaijani gas verso Europe, and consequently to construct a new pipeline across Turkey as to transport exceeded volumes of the spare capacities in Turkey’s pipelines.
read more... 08/11/2011
BP invested $33 billion in Azerbaijani energy fields
The British energy giant, BP has invested $33 billion in developing Shah Deniz and the Azeri-Chirag-Guneshli (ACG) field, which will involve as well the construction of the Baku-Tbilisi-Ceyhan and the South Caucasus pipelines.
read more... 04/11/2011
EU Commission to award 12.5 billion dollars for transmission systems
As to reach its targets of generating 20% of green power of the total electricity demand, the European Commission released its energy infrastructure plan worth 9.1 billion Euros (12.5 billion dollars) as to modernized its transmission systems for its smart grid (installing new pipelines and power grids) and for the renewable energy applications for the period 2014-2020.
read more... 25/10/2011
Nabucco denies the rumors of postponement
According to the recent declarations of one of the shareholders in the Nabucco project, the pipeline which aims to reduce the European dependence on Russian gas, may deliver its first gas in 2018, a year later than anticipated.
read more... 17/10/2011