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SOCAR plans multimillion dollar investment in Turkey's gas storage capacity

SOCAR AQS, an Azerbaijani integrated drilling and well services management company, will dig 40 wells to expand the storage capacity at the Lake Tuz Natural Gas Storage Facility, located in central Anatolia, Daily Sabah reported.

read more... 23/10/2019

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Russia starts pumping gas into Turkish Stream pipeline

Gazprom has started filling the 1st leg of the offshore section of the Turkish Stream gas pipeline with gas, the project operator announced on October 18. This is the final stage of testing the pipeline before putting it into operation later this year, South Stream Transport said. It noted that the 1st deliveries are scheduled for the end of 2019.

read more... 22/10/2019

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Daily (21.10.2019): NBP spot jumped by 5.8% on Friday, due to unscheduled outages at the Forties oil and gas pipeline

Oil prices edged lower on Friday following data indicating that the Chinese economy registered the slowest growth in nearly three decades. Ongoing trade negotiations between China and U.S. and the rising amount in crude stockpiles also put pressure on prices. Hence, Brent crude dropped by 0.8% to end at $59.42 a barrel, while WTI futures lost 0.3% to settle at $53.78 a barrel.

read more... 21/10/2019

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Saudis to invest $3B in Bangladesh gas-to-power project

Saudi utility company ACWA Power and Saudi Aramco are set to invest $3 billion in a gas-to-power project in Bangladesh, the local government said in a Memorandum of Understanding ceremony last week.

read more... 21/10/2019

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Russian gas pipe to China being filled up with gas as scheduled

Russian gas monopoly Gazprom said the company is making preparations for the first pipeline supplies of Russian gas to China via the Power of Siberia gas pipeline.

read more... 21/10/2019

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