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Caspian Oil & Gas Trends: May 2019 (2)

20 September 2019
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Summary of main events

Topic of the issue

Russia’s Gazprom Export stops arbitration procedure with Turkmenistan’s Turkmengas
Export of gas doubles in Azerbaijan
Azerbaijan significantly increases oil exports
Economist: Inflation rate at 2.4 percent acceptable for Azerbaijan
TAP is set to launch market test in summer
IEA: OPEC crude output rose 60,000 b/d in April
Azerbaijan is among countries leading losses in global oil supply: IEA
Demand for OPEC crude to decrease in 2019
OPEC: Global economic growth forecast at 3.2% in 2019
Groundbreaking ceremony for IGB to be held May 22
Finland looking to develop innovative partnerships with Azerbaijan in energy efficiency
Oil extends gains into third session amid Middle East tensions
TANAP achieves mechanical completion in construction of compressor stations
How will Druzhba pipeline incident affect further decisions of European buyers?
Oil rises after OPEC+ says to keep output cuts
Pipeline installation of Balticconnector’s offshore part set to begin May 20
Azerbaijan fulfilling commitments under OPEC+ deal
Saudi crude oil closing stocks rise for first time since last May
OPEC+ conformity for April 2019 stands at 168%
Solar panel production plant opens in Georgia's Kutaisi
Ministry: TAP, IAP can ensure gas supply security for Croatia
Three reasons to push for Trans-Caspian Pipeline now
Azerbaijan-UK Intergovernmental Commission on Economic Co-op to held meeting
Greek energy minister: IGB will contribute to creation of integrated gas market in Balkans
Azerbaijan's output of oil products increase
IGB groundbreaking ceremony takes place in Bulgaria
Is it viable to connect TAP to EastMed?
Bulgarian Council of Ministers approves draft agreement with Greece on IGB
Bulgarian company appeals against decision on selection of IGB line pipe supplier
Snam: Natgas to play increasingly central role in Europe’s energy transition
Fitch: Gas production in Azerbaijan to grow
OPEC+ leans towards renewing output deal
Azerbaijan to import 110,000 T of petrol in Oct due to refinery maintenance
TANAP completes 67% of linefill, commissioning activities for Phase 1
TANAP reveals expected gas transportation volume within Phase 0
Azerbaijani Vice Speaker: Some countries spent millions dollars to prevent implementation of BTC pipeline project
Bulgartransgaz announces temporary transmission capacity limitation
Afghanistan interested in increasing imports of oil products from Azerbaijan
TANAP wins “The International CSR Excellence Award”
Deloitte: Azerbaijan should count on a moderate price level
Minister: Instructions for offering oil at IRENEX aim at monetary transparency
Who will receive gas, condensate from Absheron field?
Results of first drilling at Absheron field revealed
Norwegian Equinor eyes to co-op with Azerbaijan in renewable energy sector
New €100 million fund established to support clean energy investments
Executive director: IGB to require over 11,000 pipes
IGB to ink two contracts in mid-June
When to expect effective start of IGB construction activities?
Oil export via Baku-Novorossiysk pipeline to resume soon
President Ilham Aliyev attends opening of 26th International Caspian Oil & Gas-2019 Exhibition and Conference
Oil prices fall as economic concerns outweigh supply risks
Azerbaijan's output of oil products increase
Gas distribution network in Turkey may be integrated with supplies via Southern Gas Corridor
TANAP delivers gas to Turkey, prepares to ship to Europe
Oil drops 1%, set for biggest monthly fall since November as trade wars spreads
Azeri-Chirag-Gunashli remains leading oil producer in Azerbaijan
BP’s President for Azerbaijan, Georgia and Turkey talks future projects in Azerbaijan
Exploratory drilling at Azerbaijan’s Shah Deniz to begin in 2020
US Department of State: SGC can play crucial role in Europe's efforts to diversify energy supplies
Big funds to be allocated for implementation of SGC project until 2020
Exploration on Azerbaijan’s Babek structure may begin next year
Operating costs of Greenfields Petroleum at Azerbaijan’s Bahar-Gum Deniz down
Gas production at Azerbaijan’s Bahar field falls by 14%
Oil output at Azerbaijan’s Gum Deniz field down by 10%
Europe’s share in global natgas output to fall to 2.5%: GECF
Share of natural gas in electricity production decreases in Turkey
Caspian region to increase its gas production by 54%: GECF
GECF: Azerbaijan has around 1,000 bcm of yet to find gas resources
485 million tons of oil extracted from Azeri-Chirag-Gunashli
Oil prices rise after bigger-than-expected fall in U.S. inventories
Who will receive gas, condensate from Absheron field?
Oil under pressure as U.S.-China trade war weighs
Azerbaijan’s total gas exports to rise to 16 bcma by late 2021: Moody’s
Azerbaijani Vice Speaker: Some countries spent millions dollars to prevent implementation of BTC pipeline project
“Connecting to EastMed would elevate geopolitical significance of TAP”
Fitch: Gas production in Azerbaijan to grow
Moody’s Gas to replace oil as Azerbaijan’s main export
EIA: Venezuela's crude oil output to continue decreasing in 2019-2020
How will Druzhba pipeline incident affect further decisions of European buyers?
OPEC+ conformity for April 2019 stands at 168%
OPEC has two main options for June meeting, both foresee output rise

Companies

Snam ups gas injection into Italy’s transportation network
Italy’s Snam sees 3.8% increase in total revenue
Technical investments of Snam up by over 6%
Topaz installs FUELTRAX EFMS across its vessels operating between Nigeria and Azerbaijan
Italian Snam reveals investment plans for 2019
Gazprom Neft’s hydrocarbon production up by 4.7%
ConocoPhillips Exploration closing branch in Azerbaijan
Malaysian Petronas makes big investments in development of Turkmen sector of Caspian Sea
Tabriz Petrochemical Company signed warehousing contract with Customs
Total, SOCAR implementing early production scheme for Absheron
Russia’s RussNeft on forecasts for oil production in Azerbaijan for 2019
Greenfields Petroleum announces extension of senior secured debt payments
Greenfields Petroleum announces sales volumes from Bahar-Gum Deniz block
Romgaz: IGB offers opportunities for gas flow to Romania from Southern Gas Corridor
Saudi Aramco to establish global LNG portfolio
Italian Eni to be engaged in exploration offshore Argentina
Negotiations with Russia’s Gazprom to be held in Ashgabat
Russian Tatneft may develop oil fields in Uzbekistan
Zenith Energy announces time of starting well deepening in Azerbaijan

SOCAR

SOCAR Energy Ukraine to appeal decision of Ukraine’s Antimonopoly Committee
SOCAR, BP talk on details of geological exploration agreement in Uzbekistan
SOCAR to conduct geological exploration in Uzbek section of Aral Sea
SOCAR-Dalgidj to sign contract with Norwegian Equinor
Volume of transshipment through SOCAR’s terminal in Georgia revealed
SOCAR to continue investing in Turkish economy
SOCAR reveals output volume at Oil Rocks
SOCAR Polymer plant discloses volume of polyethylene supplied to Russia
SOCAR continues negotiations on acquisition of shares of Antipinsky Oil Refinery
SOCAR President: gas production to increase in Azerbaijan
SOCAR president reveals start dates oil & gas production at major Azerbaijani fields
SOCAR president: negotiations on acquisition of shares of Antipinsky Oil Refinery underway
SOCAR-Dalgidj to sign contract with Norwegian Equinor

Alternative energy sources

UN Development Program ready to support dev't of alternative energy in Azerbaijan
Qatar, China interested in building wind power plant in Caspian Sea

Iran

Iran approves transfer of government shares to seven refineries
Iran's Bid Boland Gas Treating Plant saves $4M
Iran to put oil up for sale next week
MP: Iran can sell 2M barrels of oil per day
Ending dependence on oil revenues - most optimal way for Iran
Oil production in Iran's Azari oilfield exceeds 20M barrels
Iran may escape oil dependence
Iran to put crude oil up for sale at IRENEX with new instruction
Iranian official rejects rumors of oil export suspension at ports
Iran to import 1.1 million tons of vegetable oil
Iran still waiting for Pakistan to act on joint pipeline project
Iran's Ilam gas refinery launches second phase
Oil production in Iran's Azari oilfield exceeds 20M barrels
Analyst rejects rumors of Iran's oil sale drop
Iran Energy Exchange offers 31,000 tons of petrochemical and refined products
Central Bank of Iran makes statement on currency earned from exports
MP: Iran can overcome oil sanctions with help from neighbor countries
Iran to accelerate its petrochemical projects
Tehran ambassador to Kuwait says oil export continues despite US sanctions
Iran’s petrochemical industry reps continue talks with foreign investors
Iran’s Tabriz Oil Refinery produces Group II Base Oil
Major changes underway in Iran's petrochemical industry
Iran increasing its petrochemical feedstock capacity by 15 million tons
Former Iranian minister: there are ways to avoid oil sanctions
Iran starts operation of 119 gas projects in West Azerbaijan
Polyethylene production up at Iran's Mahabad Petrochemical Complex
Mazut production to drop in Iran’s Isfahan Oil Refinery
Iran's Behran Oil Co exports products worth $100 million
Iran discloses volume of crude oil to be put up for sale at energy exchange
Iran to put 2M barrels of oil up for sale on May 28
Minister: Instructions for offering oil at IRENEX aim at monetary transparency
Iran’s South Pars Complex increases gas production
Afghan official: Afghanistan has no alternative to Iranian oil
Iran to increase fuel quota for transporting goods to 30%
Iran’s Shazand Oil Refinery manufactures catalyst equipment
Iran negotiates with India over Farzad B gas field development
Iran seeks to renovate docks at Petrochemical Special Economic Zone
Iran to launch 20 petrochemical projects by 2021
Caspian region to increase its gas production by 54%: GECF
Exxon Mobil evacuates foreign staff from Iraqi oilfield

Kazakhstan

OPEC reports on oil extraction in Kazakhstan
Kazakh drilling rig to be towed to Baku in coming weeks
Volume of gas consumption in Kazakhstan can exceed 34 billion cubic meters
Energy manufacturing decreases in Kazakhstan
Eurasian Development Bank to invest into renewable energy of Kazakhstan
How Kashagan's oil field overhaul affect Kazakhstan's oil industry?
Kashagan field restarts oil production
KazMunayGas talks environmental protection
Petrol prices drop in Kazakhstan
Water and gas ingress detected at Kazakhstan’s Kalamkas oil field
Organizational-technical measures taken at Kazakhstan's Kalamkas field
Kazakhstan decreases flour export
State Dept.: US would like to modernize existing power generation in Central Asia
'Green' energy projects are particularly relevant to Kazakhstan
Russia can resume export of petroleum products to Kazakhstan
Organizational-technical measures taken at Kazakhstan's Kalamkas field
Kazakhstan to manufacture solar panels with help of foreign investors
New solar plant to start operating in Kazakhstan
Total's shares of Kashagan, Kazakhstan not for sale
Kazakhstan eyes to extract over 12M tons of oil from Kashagan field
Caspian region to increase its gas production by 54%: GECF

Turkmenistan

Russia’s Gazprom Export stops arbitration procedure with Turkmenistan’s Turkmengas
Negotiations with Russia’s Gazprom to be held in Ashgabat
Russia, Turkmenistan negotiating five-year gas contract
Turkmenistan explores Tajibay gas field
Japan exploring new major oil & gas projects of Turkmenistan
Gas supply project through Caspian Sea regains relevance to Turkmenistan
Dragon Oil discloses indicators of oil and gas project in Turkmenistan
Reports on TAPI project delivered at gas congress in Turkmenistan’s Avaza
President of Turkmenistan: construction of TAPI swiftly underway
Three reasons to push for Trans-Caspian Pipeline now
International gas congress opens in Turkmenistan
FM: Hungary hopes Turkmen gas to be sent to general energy flow of Central Europe
Malaysian Petronas makes big investments in development of Turkmen sector of Caspian Sea
S. Korean companies to modernize refineries in Turkmenistan
Turkmenistan eyes to greatly increase gas exports to China by 2021
Dragon Oil discloses indicators of oil and gas project in Turkmenistan
Reports on TAPI project delivered at gas congress in Turkmenistan’s Avaza
China actively develops Turkmenistan’s Bagtyyarlyk field
Turkmenistan reveals deadline for completing work on its section of TAPI
Estimates of gas reserves of Galkynysh field may be set higher
Japan negotiates with Turkmenistan on cooperation in fuel and energy sectors
Malaysian Petronas makes big investments in development of Turkmen sector of Caspian Sea
US calls on Turkmenistan to join Southern Gas Corridor
Turkish company to sign new contract with Turkmen state corporation
Russia’s Tatneft to expand activities in Turkmenistan
Russia, UK buy oil products in Turkmenistan
Caspian region to increase its gas production by 54%: GECF

Uzbekistan

Uzbekneftegaz, Russian Tatneft sign agreement on exploration work in Uzbekistan
Head of Russian Lukoil discusses new projects in oil, gas field with Uzbek President
Russian Gazprom to start gas production at Uzbek Dzhel field in 2021
International exhibitions OGU 2019, Power Uzbekistan-2019 begin in Uzbekistan
SOCAR, BP talk on details of geological exploration agreement in Uzbekistan
Uzbekneftegaz, Gazprom JV plans to attract loan of 176.5 M euros
US, Uzbek companies to develop project on new gas, chemical complex
Russian Tatneft may develop oil fields in Uzbekistan
Second stage of NPP construction kicks off in Uzbekistan
Lukoil increases gas production in Uzbekistan by 33%
Uzbekneftegaz, US Air Products to create JV for production of industrial gases
Uzbekistan, French company establish JV in energy field
Uzbekistan signs another contract with Rosatom for construction of NPP
Uzbekneftegaz implements projects for $33 B until 2025
SOCAR, BP talk on details of geological exploration agreement in Uzbekistan
SOCAR to increase oil output in Uzbekistan’s Kashkadarya
Uzbekistan intends to increase exports of electrical products
German company to help building new chemical plant in Uzbekistan
Uzbek government encourages producers of RES by tax benefits
Uzbekistan implements 43 projects in chemical industry
Chinese bank may participate in Uzbekistan’s energy projects
Total capital of Uzbek companies in Turkey more than quadrupled
Finnish company to help modernize energy system of Uzbekistan
Russian VEB.RF corporation to finance supply of energy equipment to Uzbekistan
Uzbekistan to transfer state share of Fergana refinery to Indonesian company

Georgia

BP names new country managers for Turkey, Georgia
Oil exports from Azerbaijan to Georgia increase
International Bank for Reconstruction and Development to support Georgia's energy industry
Fuel imports to Georgia decrease
Solar panel production plant opens in Georgia's Kutaisi