NATURAL GAS

Azerbaijan will provide more than 90% of Georgia's natural gas needs in 2024

By
Maryana Akhmadova

According to data on Georgia's natural gas balance, 3.217 billion cubic meters are planned to be imported in 2024, of which 3.017 billion cubic meters will be imported from Azerbaijan.

In 2023, gas supplies from Azerbaijan to Georgia were forecasted at 2.858 billion cubic meters.

For 2024, Georgia's natural gas balance is estimated at 3.231 billion cubic meters, with 99.6 percent of this volume coming from imports.

Baku and Ashgabat are negotiating to continue swap gas supplies

By
Interfax

Azerbaijan and Turkmenistan are negotiating to continue swap gas supplies, the National Iranian Gas Company (NIGC) reported.

According to NIGC, gas supplies from Turkmenistan to Azerbaijan via Iran have been temporarily suspended.

“Baku and Ashgabat are negotiating on this issue,” Iranian media write, referring to NIGC, noting that swap supplies will be resumed after an agreement is reached between the two countries.

Over 15.5 million megawatt hours have been transferred through the Greece-Bulgaria (IGB) interconnector for 2023

By
DIANA ZAYKOVA

Over 15.5 million megawatt-hours (MWh) were transported on the Greece-Bulgaria gas interconnection in 2023. The project celebrated its first anniversary and successfully achieved 365 days of operation without interruption of activities.

CEWR confirmed the price of natural gas for the month of January at BGN 77.60 per megawatt hour

By
CEWR

According to a CEWR announcement from January 1, 2024, the Commission for Energy and Water Regulation approved the price of natural gas for the month of January in the amount of BGN 77.60 per megawatt hour (MWh), excluding access, transmission, excise and VAT prices. At this price, Bulgargaz JSC will sell natural gas to final suppliers and to persons who have been issued a license for the production and transmission of thermal energy.

Greece bolsters gas imports from Azerbaijan – EU shares latest data

By
LAMAN ZEYNALOVA

Greece has significantly increased its gas imports from Azerbaijan, Eurostat, the statistical office of the European Union, told Trend.

June saw a notable surge in imports, with 174.6 million cubic meters received, compared to 163 million cubic meters in May, marking a 7.1 percent month-on-month increase.

Greece imported a total of 1.020 billion cubic meters of gas from Azerbaijan between January and June 2023.

“DeGolyer and MacNoughton” starts counting Caspian deposits according to new ckassification

By
KAMRAN GASIMOV

Within the framework of cooperation between SOCAR and "DeGolyer and MacNaughton", work on counting 27 fields according to SPE-PRMS classification in the Azerbaijani sector of the Caspian Sea has started, Trend reports.

According to the State Oil Company of Azerbaijan Republic (SOCAR), a meeting was held between SOCAR President Rovshan Najaf and Chairman and CEO of DeGolyer and MacNaughton John W. Wallace.

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