Georgia Oil and Gas

Total oil volume exported by Baku-Supsa exceeded 76 mln tons

​The total oil volume exported by the Baku-Supsa oil pipeline until now made up 76.3 mln tons, the press service of the Ministry of Energy of Azerbaijan reports.
It was the Baku-Supsa oil pipeline that was the basis of the energy corridor “East-West”. On May 15th a special event will be held in Georgia dedicated to the 20th anniversary of the corridor.
In March 1996 Azerbaijan and Georgia signed an agreement on oil pumping via the territory of Georgia by the Baku-Supsa pipeline. The pipeline was put into operation on April 17th 1999. The length of the pipeline is 837 km, diameter – 530 mm. The pipeline with the throughput capacity of 7.5 mln tons of oil a day was constructed in the framework of the contract for the development of Azeri-Chirag-Gyuneshli deposits.

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In 2004-2016, gas production from Shah-Deniz was 70 billion cubic meters

Since the beginning of development in December 2004 as of April 1, 2016, the total volume of the gas production from the Shah-Deniz field amounted to 70 billion cubic meters, said the SOCAR’s first vice-president Khoshbakht Yusifzade at the International Conference "The Caspian Sea and Central Asia - Trade, Logistics, Refining and Petrochemicals" on Monday.

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Skyland Petroleum to supply China with oil and gas from Russia, Tajikistan and Georgia.

Previously, "Rosneft" and Skyland Petroleum signed a Heads of Agreement for the sale of "Rosneft" up to 29% in LLC "Taas-Yuryakh Oil and Gas" and the creation of CG to develop the field in Yakutia.
The Australian company Skyland Petroleum plans to begin to supply China with oil and gas from Russia, Tajikistan and Georgia in 2016. As the Xinhua news agency reports, chairman of the company David Robson stated this in Shanghai on Wednesday.

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Gazprom not to get money from Tbilisi

Gazprom hasn’t managed to agree with Georgia on the transition to cash payments for gas, supplied to the country. As a result, Tbilisi, as before, will receive 10% of transit gas coming to Armenia from Russia. Azerbaijan agreed to supply additional volumes for Georgia, although last year it faced with a deficit of produced gas. According to experts, Tbilisi can afford not to make concessions to Gazprom, while Baku has access to Russian gas supplies and due to them can increase exports to Georgia.
Georgia doesn’t need additional volumes of gas imports from Russia and Iran after signing the contract for the delivery of 500 million cubic meters from Azerbaijan, the Deputy Prime Minister, Minister of Energy of Georgia Kakha Kaladze said last week. "The gas supply of the country will be provided for several years," - the official said. On Friday, the Government of Georgia and the Azerbaijani state oil company SOCAR signed a corresponding agreement. Thus, the supply of gas from Azerbaijan, taking into account the current contract, could rise to 1.5 billion cubic meters. Prior to that, SOCAR delivered about 800 million cubic meters of gas from the Shah-Deniz field. Georgia needed additional gas, as its consumption in the country increased by 40% since 2012, to about 2 billion cubic meters per year.

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"Southern Gas Corridor" can be built ahead of schedule.

The delay of the "Southern Gas Corridor" construction was absolutely unacceptable at the current level of gas prices, but the project was being implemented according to schedule and would probably be completed a little earlier than expected, the vice-president of the European Commission's Energy Union Maroš Šefčovič stated at a conference in Brussels.

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Azerbaijan plans to increase gas export to Georgia to 1.5 bln cubic m a year

​SOCAR plans to increase gas supply to Georgia from Shakh-Deniz up to 1.5 bln cubic m a year, the head of the company, R. Abdullaev, said.
Azerbaijan will increase gas supply to Georgia from Shakh-Deniz by 500 mln cubic m a year.
Previously up to 800 mln cubic m of gas from Shakh-Deniz were shipped to Georgia.
R. Abdullaev said that there were no technical opportunities to increase the supplies to Georgia.
On the results of negotiations with the consortium SHakh-Deniz it was decided to distribute gas volumes shipped to Georgia in winter and summer at 70/30 percent (previously 60/40%).
In early February R. Abdullaev discussed with the Minister of Energy of Georgia, K. Kaladze, a number of issues on the supply of Azeri gas to Georgia.
The parties agreed to go on negotiations and hold regular meetings.

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Minister of Energy of Georgia discusses an opportunity of gas import from Iran

​Minister of Energy of Georgia, K. Kaladze, discusses in Iran an opportunity of Iranian gas import to Georgia. Mr. Kaladze has held a meeting with the PM of Iran and representatives of business circles. The Minister said that the issues of cooperation of Georgia and Iran in the energy sphere are being discussed. We speak about a possibility of import of Iranian gas and how competitive its price will be, Mr. Kaladze said.
After the cancellation of sanctions from Iran, Georgia is to maximally use the resources of this country and do everything possible to run new interesting projects.
88% of gas supply to the republic is held from Azerbaijan, 12% - from Russia which the country receives as payment for the transit of the Russian gas to Armenia via Georgia.
On February 12th the PM, G. Kvirikashvili, said that Iran is ready to consider cooperation with Georgia in the energy sector and that will contribute to the diversification of natural resources for the EU. The cooperation with Iran will make the development of the region and EU dynamic, and Georgia can play a function of the connecting element between Europe and Asia.

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Americans find 5.3 trillion cubic meters of gas in Georgia

On February 3, 2016, Frontera Resources has reported that it found 5.3 trillion cubic meters of gas in Georgia as a result of geological epxloration.
According to the company, in the next 5 years, Frontera Resources it will start gas exports to Turkey and Eastern Europe.

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Over 50% of works are complete by Shakh-Deniz project

​Over 50% of works are complete by the Shakh-Deniz-2 project, the Minister of Energy of Azerbaijan, N. Aliev, said.
A large-scale work on the expansion of the South Caucasus gas pipeline has been held.
Over 20% of the pipeline has been constructed. The construction of compressor stations in Georgia has started. We repeatedly reported that the works are held ahead the schedule. The process of pipes shipment for the TANAP is over and the welding works have started. In 2016 it is planned to start the construction of TAP, Aliev said.
He said that possible problems that might arise in the process of realization will be discussed at the meeting.

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SOCAR to increase by at least 50 mln cubic m the volume of gas supply to Georgia in winter

​SOCAR will increase by at least 50 mln cubic m the volume of gas supply to Georgia in winter, the company reports.
Following Georgia’s addressing upon gas supply to the country, SOCAR held negotiations with the shareholders of the consortium Shakh-Deniz and South-Caucasus pipeline route.
On the results of the negotiations it was agreed to reconsider the restrictions connected with the seasonal gas supply from Shakh-Deniz to Georgia. According to the agreement, gas supply to Georgia will grow by at least 50 mln cubic m.
In 2015 the export of the Azeri gas to Georgia in the framework of the first stage of development of Shakh-Deniz made up 721 mln cubic m (+5.3%).
Currently Azerbaijan is the main gas supplier to Georgia. Gas is shipped from SOCAR’s deposits. Georgia receives gas by the South-Caucasus gas pipeline from Shakh-Deniz.

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