Energy - 2024
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Starting from September 1, 2024, the State Oil Company of Azerbaijan Republic (SOCAR) has begun supplying gas to Croatia. Exactly a month ago, Slovenia became an importer of Azerbaijani gas. According...
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A fire occurred on Offshore Platform No. 4 of the “28 May” Oil and Gas Production Department of SOCAR. According to the report from the “Azneft” Production Association, the incident happened on the ev...
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From January to August 2024, the State Oil Fund of Azerbaijan (SOFAZ) received $4.2716 billion in income from the development of the Azeri-Chirag-Guneshli (ACG) oil fields in the Azerbaijani sector of...
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From January to August 2024, the State Oil Fund of Azerbaijan (SOFAZ) received $364.465 million from the development of the “Shah Deniz” field in the Azerbaijani sector of the Caspian Sea. According t...
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On September 2, the hydroelectric power plant (HPP) “Yukhari Veng” on the Terter River in the Kalbajar region was officially opened with the participation of Azerbaijani President Ilham Aliyev and Fi...
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Azerbaijan, Georgia, Romania, and Hungary signed a shareholder agreement in Bucharest yesterday to establish a joint venture (JV) for the implementation of the "Black Sea Undersea Cable" project (Blac...
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On September 2, the Turkish company BOTAŞ and Shell signed a gas agreement, with a term of 10 years starting from 2027, Turkish Energy Minister Alparslan Bayraktar wrote on the social media platform...
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Turkmenistan President Serdar Berdimuhamedov has signed a decree allowing the state concern "Turkmengas" to contract with the Turkish company “Calik Enerji” for the design and construction of a new ga...
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The European Union (EU) imported liquefied natural gas (LNG) at a rate of 230.9 mcm per day in August. This is a 27% decrease compared to the same period last year. Furthermore, it is the lowest figur...
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The price of Brent crude oil futures for November delivery on the London ICE exchange fell below $74 per barrel, a decline of 4% since the market opened, marking the lowest level since December 13, 20...
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Data from the Intercontinental Exchange (ICE), which trades gas at the largest hub in Europe, TTF, shows that gas futures were priced at $388 per thousand cubic meters on May 31, and $449 per thousand...










