Caspian Energy Weekly ¹ 10 (199)     23 March 2006


ACCENT


  • AZERBAIJAN GAS FOR TURKEY


    PRESIDENT ILHAM ALIYEV TAKES PART IN THE CEREMONY DEDICTED TO COMPETION OF TPG-500 PLATFORM CONSTRUCTION

    Azerbaijan is interested to transit the Kazakh and Turkmen gas to Europe.

    The project on development of the Azerbaijan gas-condensate field Shah Deniz is rapidly implemented. Owing to gas export from Shah Deniz field Azerbaijan will increase its gas production by almost 1 billion cub. m. already in 2006. The unique TPG-500 platform will itself launch the supporting structures for the first time at the Caspian Sea after arrival at the installation place. The construction works implemented within Stage 1 of development at Shah Deniz are over by 92,5% now.

    The partners within Shah Deniz project BP Azerbaijan (25,5%), Statoil (25,5%), SOCAR (10%), LUKAgip (10%), NICO (10%), Total (10%) and TPAO (9%) make investments in the project on creation of a new energy corridor East-West that connects the Caspian Sea with Turkey and further with the European states. The works on construction of the South Caspian Gas Pipeline are over by 95,5%.


  • TRANS-CASPIAN GAMBIT


    KAZAKHSTAN AND TURKMENISTAN GAIN A REAL CHANCE TO PROVIDE DIRECT GAS SUPPLY TO EUROPE

    The present situation caused because of necessity to provide diversification of gas supply to the European market stimulates construction of new routes (North European Gas Pipeline) and reconstruction of oil ones that do not operate due to some reasons as well.

    The project of the Trans-Caspian Gas Pipeline (TGP) has been exaggerated since late 1990s of the last century. That time the sides considered it too scaled and cumbersome for the purposes it was worked out. Improper conditions of formation of a reliable source of raw materials and unstable conditions offered by the European customers prevented its implementation then.


    • CASPIAN REGION


  • Kazakhstan


  • 3,8 BILLION USD WERE INVESTED IN THE KAZAKH SECTOR OF THE CASPIAN SEA
    VARIOUS MARINE OPERATIONS WILL BE IMPLEMENTED AT 25-29 OFFSHORE BLOCKS OF KSCS

    6 years have passed since discovering of the large oil field Kashagan in the Kazakh sector of the Caspian Sea (KSCS). 3,9 billion USD were invested in KSCS during the last three years. The State Program on KSCS development was worked out with the new to provide ecological security in the Caspian region, use of advance and safety technologies and equipment in order to avoid destabilizing impact of marine oil-and-gas operations on Caspian environment. In this connection the national company KazMunayGaz held public hearings on preliminary estimation of impact caused by offshore operations on environment of the Kazakh sector of the Caspian Sea on March 14 Astana.

  • Turkmenistan


  • Russia


  • Georgia



    • GAS



    MEP



    TRANSPORTATION


  • Baku-Novorossiysk

  • Atasu –Alashankou

  • Ceyhan –Samsun


    • ECONOMY



    SOCAR


  • Rehabilitation


    • COMPANIES


    WORLD MARKET


  • OIL PRICES WILL GET STABILIZED WITHIN THE NEXT FEW YEARS – THE OPEC REPRESENTATIVE


    The world oil prices are growing, the experts advance various arguments, but in opinion of the OPEC representatives these prices are optimal and just. According to the experts, the prices are expected to go down in the near future, but this decrease will be insignificant.