Thursday, 22 July 2010

Eni in talks with President Aliyev about CNG project

Eni's CEO, Paolo Scaroni, has met with Azerbaijan's President Ilham Aliyev, and several other government officials, to discuss Eni's come back to Azerbaijan's upstream sector, and the compressed natural gas (CNG) project. Eni plans to appeal for a permit that would enable the company to transport several billion cubic meters of Turkmen gas across the Caspian Sea to the coast of Azerbaijan, from where it would then be transported through an overland pipeline to other destination ports.

Scaroni has recently met with Russian, US and EU government officials to deliberate the financial and commercial aspects of the project which is the first of its kind to be studied in the Caspian region, and would permit a substantial reduction of gas flaring in Turkmenistan.

The technology involved allows transportation of high pressure gas (not liquefied) by specialist containment systems within the vessels, and allows feasibility of projects otherwise not achievable with traditional technologies such as transport by pipeline or liquefied natural gas (LNG).

To find out more about Eni please visit Eni's web site, which you can find here.

For more news and expert analysis about the Caspian region, please see Caspian Focus.

© 2010 Menas Associates

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