Caspian Energy Weekly ¹ 32 (186)     2 December 2005


ACCENT


  • PRICE OF RUSSIAN GAS INCREASED TWO-FOLD
    AZERBAIJAN DOES NOT EXPECT EASY NEGOTIATIONS

    The first announcements about supplies of the Russian gas to CIS and Baltic nations on average European prices are being reported since summer. According to the Chairman of Gazprom Board Aleksey Miller, the supplies to the former USSR countries provide company with the place in the market, yet in a minimal profitability. Aleksey Miller also stated that starting next year Gazprom is going to "provide higher level of prices and shift into purely market mechanisms in transactions excluding barter and reporting outlines". These changes have already concerned a number of countries and increase for gas price is expected to involve Azerbaijan too. The latter plans to become an new gas exporter starting 2006.


    • CASPIAN REGION


  • Caspian status


  • Kazakhstan


  • Turkmenistan


  • Russia



    • CASPIAN ECOLOGY



    GAS



    MEP



    TRANSPORTATION


  • Baku-Novorossiysk

  • Baku-Batumi

  • Odessa-Brody

  • CPC

  • Turkish straits


    • ECONOMY



    SOCAR


  • Restructuring

  • Drilling

  • Construction

  • ORP

  • Tenders


    • CONSORTIA


  • Surakhani

  • Kurovdag

  • Southwest Gobustan

  • Kursangi-Garabaghli

  • Shah Daniz

  • Azeri


    • COMPANIES


  • GAZPROM - "DO NOT STRETCH THE LEG ON CLOTHING (DO NOT LIVE ACCORDING TO YOUR MEANS)"
    NORTH EUROPEAN GAS PIPELINE AND MONOPOLIST'S GAS EXTRACTION STAGNATION


    • WORLD MARKET


  • OPEC IS NOT GOING TO REDUCE OIL PRODUCTION
    RESERVES SHOULD COVER DEMAND

    OPEC members are not going to announce about reduction the present amounts of "black gold" production during next conference will be held in December, Kuwait, despite oil price reduction in the world market. Minister of Energy of Saudi Arabia, Ali al-Naimi made knwon about it.