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Январь
2022

Новости за 28.01.2022

Azerbaijan to increase gas supplies to Turkey amid cessation of imports from Iran

Turan.az (en) 

Azerbaijan will increase gas supplies to Turkey amid technical problems with imports from Iran to Turkey, SOCAR official representative Ibrahim Ahmedov."Against the backdrop of technical problems with imports from Iran to Turkey in recent days, the Turkish side turned to the Azerbaijan Gas Supply Company (AGSC) with a request to import additional volumes of gas to eliminate the temporary gas shortage. AGSC, representing the Shah Deniz Consortium, has already ...

Turkey will buy Azerbaijani gas also under a spot contract

Turan.az (en) 

In February, SOCAR Enerji will supply 4 mcm of spot gas per day to the gas distribution networks of Turkey through the area of ​​the village of Türkgözü in the northeastern province of Ardahan.Against the background of the suspension of gas supplies to Turkey by Iran since January 20 under the pretext of "technical problems" and a sharp cold snap in most of Anatolia and Thrace, gas consumption by the population has reached a ...



Azerbaijan and Turkmenistan held the fourth round of negotiations on the Dostlug project

Turan.az (en) 

The fourth meeting of the joint Azerbaijani-Turkmen working group on the preparation of an intergovernmental agreement on the exploration, development and development of hydrocarbon resources of the Dostlug field in the Caspian Sea was held."In the format of a videoconference, the meeting was co-chaired by the Minister of Energy of Azerbaijan Parviz Shahbazov and the State Minister of Turkmenistan - Chairman of the State Concern "Turkmengas" Batyr ...

LUKOIL closes deals on Azerbaijani projects in the Caspian Sea

Turan.az (en) 

The Russian oil company LUKOIL has closed deals to enter the Shallow Water Absheron Peninsula (SWAP) project and increase its share in the Shah Deniz project in the Azerbaijani sector of the Caspian Sea.According to SOCAR official representative Ibrahim Ahmedov, the deals have been officially approved by Azerbaijan.Thus, LUKOIL became the full owner of a 25% stake in the SWAP project, which is considered very promising in terms of discovering oil reserves. ...

Russia does not have time to increase production volumes for OPEC +

Turan.az (en) 

Russia has not yet succeeded in restoring oil production, reduced in accordance with the current deal, Bloomberg reports. However, the number of active oil wells in Russia reached its highest level in December since OPEC and the cartel's allies joined forces to support global oil prices.Last month, Russia was pumping oil from more than 155.6 thousand wells, the agency calculated, based on data from Elos-TEK of the Russian Ministry of Energy. This is the ...

Berdimuhamedov ordered to lend to fuel and energy companies to increase gas production

Turan.az (en) 

President of Turkmenistan Gurbanguly Berdimuhamedov ordered the Central Bank of the country to provide loans to fuel and energy enterprises in the total amount of 234.5 million manats ($67 million at the official rate) to increase natural gas production. The corresponding document was published on Thursday in the Neutral Turkmenistan newspaper.The head of state signed this resolution on Wednesday during a working meeting with the leaders of the financial, ...

The EU will finance over 1 billion euros of trans-European energy projects

Turan.az (en) 

The European Commission (EC) announced yesterday that the EU countries had reached an agreement on its proposal to invest 1.037 billion euros in five cross-border projects as part of the European Trans-European Energy Networks Connection Financing Fund (CEF Energy)."CEF Energy will provide financial support for the construction of four infrastructure projects, including three for electricity transmission and one for gas storage, as well as for the study of ...



The price of Brent jumped to $91 per barrel and began to decline

Turan.az (en) 

Oil prices began to decline during trading on Thursday after a steady increase the day before, when quotes updated 7-year highs.March futures for Brent on London's ICE Futures exchange reached $91 per barrel by 18:08 Moscow time. Then the price of Brent oil fell to $89.31 per barrel.Quotations were supported by fears about growing tensions on the border between Russia and Ukraine, as well as data on the reduction of fuel supplies at the American ...

Less than a quarter of the gas pumped in in the summer remains in Europe's storage facilities

Turan.az (en) 

As of January 25, more than three-quarters of the volume of gas pumped in the summer has already been taken from underground gas storage facilities in Europe, RBC was told in the press service of Gazprom. According to Gas Infrastructure Europe, which the company refers to, fuel withdrawal reached 75.9%, or 36.3 billion cubic meters. m."As of January 25, the volume of active gas in European underground storage facilities is 26.9% (by 14.9 billion cubic meters) ...

Fitch predicted the price of Brent in 2022

Turan.az (en) 

The international rating agency Fitch Ratings expects the average price of Brent oil in 2022 to be $70 per barrel and predicts its decline in subsequent years, said Dmitry Marinchenko, director of the group for natural resources and commodities of the agency."We assume that oil prices will remain at $70 per barrel in 2022 at Brent. Then they will fall to $60 in 2023 and to $53 in 2024 and beyond," Marinchenko said during a Fitch webinar " 2022 ...

Gas futures in Europe are trading around $1060

Turan.az (en) 

The cost of February futures for gas on the TTF index, the most liquid European hub, yesterday amounted to $1,063.5 per 1,000 cubic meters.The average settlement price of gas at ICE, according to RIA Novosti, in the first week of 2022 slightly exceeded $1,040, in the second it dropped to almost $970, and in the third to about $900. However, on January 24, growth resumed, quotes exceeded $1,100 for some time, and as a result, this week the average settlement price ...

RBI’s accommodative stance has served well so far: Patra

Economictimes.indiatimes.com 

“Only time will tell whether or not India has got it right but so far, this approach has served us well and helped in charting a course into the future which is different from the world,” Patra said, while delivering the annual CD Deshmukh Memorial Lecture.


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