Azerbaijan, Georgia and Romania to meet on joint gas project

According to an official statement from Azerbaijan's Ministry of Industry and Energy Azerbaijan's President, Ilham Aliyev, and his Georgian and Romanian counterparts are to meet in Baku in early September, to discuss gas supplies by the Azerbaijan-Georgia-Romania interconnection.

Azerbaijan, Romania and Georgia signed a memo on cooperation in the liquefied gas sector back in April. The summit in September is expected to conclude with the signing of the Baku declaration.

The meeting of the work groups will be held in Baku on 6th September for coordination of all necessary documents and the meeting on the level of energy ministers of the three countries will take place on 13th September. The Baku summit is expected to involve chairman of the European Commission, Jose Manuel Barrosa, and the EU Energy Commissioner Gunter Ottinger.

Source: News Azerbaijan

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

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.

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