//
archives

Caspian

This category contains 48 posts

Southern Gas Corridor Raises Significant Financing, but Still Faces Provocations


worldinfrastructurenewsOn February 6 and March 15, the European Investment Bank (EIB) allocated loan packages of €1.5 billion ($1.8 billion) and €932 million ($1.14 billion) to complete the construction of the Southern Gas Corridor’s (SGC) two main segments, which will carry Caspian-basin natural gas from Azerbaijan to Southeastern Europe—respectively, the Trans-Adriatic Pipeline (TAP) and the Trans-Anatolian Pipeline (TANAP) (Eib.org, February 6; Azertag, March 17). Continue reading

Advertisements

Azerbaijani leadership resolutely upholds the Southern Gas Corridor


Aliyex-azer-gas-1920x1040On February 6 and March 15, the European Investment Bank (EIB) allocated the biggest package of loan of € 1.5 billion (bn) and € 932 million (mm) respectively to complete the construction of the Trans-Adriatic Pipeline (TAP) and the Trans-Anatolian Pipeline (TANAP). Both are main segments of the Southern Gas Corridor. Continue reading

Azerbaijan Seeks to Enhance Military Cooperation With Iran


d75f032bd96be424ff53572e811fdfd0Iranian Defense Minister Amir Hatami visited Azerbaijan, on February 21, to discuss the expansion of military cooperation (technical, medical, educational, joint defense industry), regional stability, as well as Caspian security (Mod.gov.azMdi.gov.az, February 21). Hatami expressed Iran’s interest in increasing Azerbaijan’s military power and in sharing military experience. Continue reading

Difficult Geopolitics of the Caspian Complicate Potential Energy Projects


113496_7406ef53942744708e0eThe foreign ministers of the five littoral Caspian states—Azerbaijan, Russia, Kazakhstan, Turkmenistan and Iran—met in Moscow, on December 5, 2017, to try to finalize an agreement on the legal status of the Caspian Sea. After the talks, the Azerbaijani and Russian representatives, Elmar Mammadyarov and Sergei Lavrov, respectively, praised the narrowing of the five country’s positions (Azernews.az, December 5, 2017). Continue reading

Gas Diversification Policy of Georgia: Role of External Actors — Azerbaijan, Russia and Iran


Cover page comment samThe ultimate purpose of this research paper is to examine Georgia’s gas diversification policy options from the standpoint of economic attractiveness, political likelihood, transportation (infrastructure) connectivity and energy security. The paper encompasses five chapters on Georgia’s energy sector including discussion of energy balance, energy demand, gas suppliers, sources, etc.; the role of Azerbaijan in Georgia’s energy market and existing pipelines and contracts; Russia’s interest in Georgia’s gas sector, including recent talks and renewal of the transit agreement, as well as public reactions thereto; and the possibility of Iranian gas exports to Georgia, including the role that Armenia is enthusiastic to play in this regard. You can freely access the material in pdf via Gas Diversification Policy of Georgia: Role of External Actors — Azerbaijan, Russia and Iran 

The Potential Impact of New US Sanctions Law on Pipeline Projects Connecting Europe and Eurasia


While expressing some “concerns,” United States President Donald Trump signed the “Countering America’s Adversaries Through Sanctions Act,” on August 2 (Whitehouse.gov, August 2)—legislation that was overwhelmingly approved by the US House of Representatives late last month. Continue reading

The Southern Gas Corridor: Heading into the Home Stretch?


Trans-Adriatic-Pipeline-Selected-for-Shah-Deniz-Gas-TransportSecurity of gas supply is a priority for the European Union (EU) because it is critical to ensure that (1) supplies are not disrupted; (2) market can be competitive and (3) the EU cannot be blackmailed in foreign and security policy questions. Continue reading

Russian Gas in the Southern Gas Corridor Could Undermine the EU’s Diversification Plans


TASS_1039167_468Gazprom has officially declared its willingness to use the Trans-Adriatic Pipeline (TAP) as a route to deliver gas to Europe. TAP is an integral part of the Southern Gas Corridor (SGC) which is one of the priority energy projects for the EU to ensure the continent’s security of supply from a non-Russian source. Continue reading

Southern Gas Corridor Seeks Financial Backing Amidst Volatile Oil Prices


During the third ministerial meeting of the Southern Gas Corridor (SGC) Advisory Council, held in Baku, on February 23, the European Commission’s vice president for the Energy Union, Maroš Šefčovič, encouraged international financial institutions to bankroll the SGC project (Trend, February 23). Continue reading

Injecting Russian Gas Into TAP: Downgrading Importance of Southern Gas Corridor


1l-Tap route.jpgFor the first time ever, Gazprom officially expressed interest in using the Trans-Adriatic Pipeline (TAP) to deliver Russian gas to Europe (Trend, January 24). During the European Gas Conference in Vienna, on January 24, Gazprom deputy CEO Alexander Medvedev said that Russia’s upstream capacity is sufficient Continue reading

TAP’s Fate after the Italian Referendum


Italian PM Renzi leads a news conference to mark 1000 days in the government, in RomeOn December 4, a referendum in Italy rejected the sweeping constitutional reforms proposed by the government, ultimately resulting in the resignation of Matteo Renzi from the prime minister’s post. One of the main proposed constitutional changes was the division of competences between the state and the regions on defining which governing body will retain the legislative power on “land-use planning” and “transport and distribution of energy.” Continue reading

SOCAR’s Complicated DESFA Deal Faces New Setbacks


0f975eb049Rovnag Abdullayev, the head of Azerbaijan’s State Oil Company (SOCAR), told reporters on September 5 that his company is waiting for an explanation from the Greek government for its violation of the originally agreed-upon privatization terms for Greece’s Gas Transmission System Operator (DESFA) (Azernews.az, September 6). Continue reading

Russia Pushes ‘Gas Swap’ Plans With Iran Amidst Azerbaijan-Iran Gas Talks


7989eaedf2The Presidents of Azerbaijan, Russia and Iran—Ilham Aliyev, Vladimir Putin and Hassan Rouhani, respectively—met in Baku, on August 8, and signed a Joint Declaration committing their countries to deepening cooperation on energy. In particular, the three sides pledged to collaborate on exploring oil and natural gas deposits, Continue reading

Azerbaijan: Europeanisation Versus Real-Politics


13653101_1106232216131915_5752547286193939555_oSince gaining its independence, Azerbaijan’s foreign policy is oscillating between security priorities and normative transformation. Following the dissolution of the USSR, newlyindependent Azerbaijan opened a new dimension of its foreign policy in the direction of the West. The successful realisation of the Baku-Tbilisi-Ceyhan oil pipeline and Baku-Tbilisi-Erzurum gas pipeline, as well as the whole East-West energy corridor paved the way for the economic integration of Azerbaijan into Europe. Continue reading

Southern Gas Corridor Gains New Momentum


Work on the Southern Gas Corridor’s (SGC) implementation intensified to an unprecedented degree in recent months. On March 17 and May 17, the groundbreaking ceremonies of two key constituent parts of the Southern Corridor—the Trans-Anatolian Pipeline (TANAP) and the Trans-Adriatic Pipeline (TAP)—were held, respectively, in Turkey and Greece. Continue reading

Georgia’s Endeavours for Alternative Gas Supply: Implications for the regional Energy Map


1242During 1996-2003, Russian ITERA was a main gas supplier for Georgia and owner of its natural gas distribution companies. As of 2002, Eduard Shevardnadze’s administration sought to alienate ITERA from Georgia’s gas sector. In 2002, Russian Gazprom took over the natural gas sector from ITERA and the control over the main gas pipelines. Continue reading

Iranian gas in Georgia. A feasible option?


13_GeorgiaOver the past few months, the Chief of Russia’s Gazprom, Aleksei Miller, and Georgia’s Energy Minister Kakha Kaladze have been negotiating an energy deal between the two countries. The main issues on Georgia’s agenda have been its diversification plans and increasing energy consumption. Meanwhile, Georgia has not yet ruled out importing gas from Iran. Continue reading

Four-Day Karabakh War Highlights Threats to Energy Security on NATO’s Southeastern Flank


The periodic escalation of violence in and around the separatist Azerbaijani territory of Karabakh routinely raises concerns about this conflict’s threat to regional energy security and pipeline infrastructure. However, few commentaries analyze this issue’s broader geopolitical implications in any detail. Continue reading

Falling Oil Prices and Its Implications for Azerbaijan’s Gas Policy


FILE AZERBAIJAN OIL ACCIDENT

photo credit: http://www.sbs.com.au

On February 23, Azerbaijan’s parliament adopted amendments to the state budget to adjust down expected budget revenues based on oil price estimates of as low as $25 per barrel (Azernews.az, February 23). Initially, the State Budget for 2016 projected oil at $50–55/barrel (Trend, September 14, 2015). Continue reading

Post-sanctions Iran: Implications for Southern Gas Corridor and Opportunities for Azerbaijan


On July 14, 2015 Iran and the P5+1 countries agreed on a Joint Comprehensive Plan of Action concerning Iran’s nuclear programme, according to which Iran is obliged not to develop and acquire nuclear weapons. In return, the international community committed to remove sanctions, as the JCPOA stipulates the sanction relief from the “import/export and transport of Iranian oil/gas products and technologies; participation in joint ventures and investment for the oil/gas sectors; purchase, acquisition, sale, transportation or marketing of oil/gas from Iran.” Continue reading

Contact me at:

Visitors

free counters

Blog Hit Counter

  • 35,451

StatCounter

wordpress stats
Advertisements