Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2016-06-22 18:10:00

AZERBAIJAN NEED $30 BLN

AZERBAIJAN NEED $30 BLN

 

SOUTHERN GAS CORRIDOR MAP

NGE published, Azerbaijan is hoping in the best case for profits in excess of $50bn from the Southern Gas Corridor (SGC). State oil company Socar told that even the gloomiest outlook showed that Azerbaijan's share in the profit of SGC would be at least $30bn over the 25 years' duration of the sales and purchase agreements.

SGC is a project consisting of the development of Shah Deniz gas field stage 2 (SD2), including the South Caucasus Pipeline Expansion (SCPX), as well as the Trans-Anatolian Natural Gas Pipeline (Tanap) and Trans Adriatic Pipeline (TAP).

Azerbaijan has 16.7% share in Shah Deniz project, 58% in Tanap and 20% in TAP. The total costs of the implementation of SGC is expected to reach $39.1bn, of which about $9bn would be invested by Azerbaijan. "In return, the country is expected to earn $30bn-$50bn from SGC, depending on oil prices and additional incomes from transiting the other suppliers' gas through SGC," Socar said.

SD2 is projected to produce 16bn m3/yr of gas in 2018, of which 6bn m3/yr would reach Turkey in 2020 and the rest would flow into the EU by 2021. SD2 would also add 70,000 b/d to the gas condensate output of SD1, which stands at 50,000 b/d. SD1 produces about 10bn m3/yr of natural gas, of which 60% goes to Turkey.

Socar said that even with ignoring the gas export and transit revenues and taking the average oil price at $60/barrel in 2020-2030, the SGC shareholders would have $26bn revenues from only gas condensate export in ten years. At $80/barrel, the figure would stand at $35bn.

"The mentioned figures are for a 10-year period. In 25 years, with adding the gas revenues, transit incomes and taxes to this figure, the share of only Azerbaijan in SGC's profit would be around $30bn-$50," Socar said.

-----

Earlier: 

AZERBAIJAN NEED GAS 

AZERBAIJAN AIMS FOR 50 BLN 

SHAH DENIZ $1.5 BLN 

SOUTHERN CORRIDOR FUNDING 

BP & AZERBAIJAN COOPERATION 

AZERBAIJAN GAS UP 6%

 

Tags: AZERBAIJAN, GAS, PIPELINE, SGC, SHAH, DENIZ, SOCAR

Chronicle:

AZERBAIJAN NEED $30 BLN
2018, June, 22, 13:10:00

THE LARGEST VENEZUELA'S OIL

U.S. EIA - Venezuela holds the largest oil reserves in the world, in large part because of the heavy oil reserves in the Orinoco Oil Basin. In addition to oil reserves, Venezuela has sizeable natural gas reserves, although the development of natural gas lags significantly behind that of oil. However, in the wake of political and economic instability in the country, crude oil production has dramatically decreased, reaching a multi-decades low in mid-2018.

AZERBAIJAN NEED $30 BLN
2018, June, 22, 13:05:00

U.S. DEFICIT UP FROM $116.1 BLN TO $124.1 BLN

U.S. BEA - The U.S. current-account deficit increased to $124.1 billion (preliminary) in the first quarter of 2018 from $116.1 billion (revised) in the fourth quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit was 2.5 percent of current-dollar gross domestic product (GDP) in the first quarter, up from 2.4 percent in the fourth quarter.

AZERBAIJAN NEED $30 BLN
2018, June, 22, 13:00:00

EUROPE'S NUCLEAR INVESTMENT : €50 BLN

WNN - There are 126 operational power reactors in 14 EU Member States, providing more than one-quarter of the bloc's total electricity production. In its Communication on the Nuclear Illustrative Program (PINC) published last year, the European Commission expects nuclear to maintain its significant role in Europe's energy mix up to 2050. This would require investment of some EUR40-50 billion (USD46-58 billion) in nuclear LTO by 2050.

AZERBAIJAN NEED $30 BLN
2018, June, 20, 13:15:00

OIL PRICE: ABOVE $75

REUTERS - Benchmark Brent crude LCOc1 was up 50 cents at $75.58 a barrel by 0835 GMT. U.S. light crude CLc1 was 50 cents higher at $65.57.

All Publications »