OCT. 11 2011 (The Conway Bulletin) – Auditors confirmed that Turkmenistan holds the world’s second largest gas field, cementing its place as a global energy supplier. The South Yolotan field holds between 13 trillion and 21 trillion cubic metres of gas, second only to Iran’s South Pars.
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(News report from Issue No. 60, published on Oct. 11 2011)
OCT. 5 2011 (The Conway Bulletin) – Timur Kulibayev, head of the Kazakh sovereign wealth fund Samruk-Kazyna, said Kazakhstan would pay up to $1b for a 10% stake in the oil and gas project Karachaganak. His statement raised hopes that the state and the Karachaganak investors were nearing an end to their long-running dispute.
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(News report from Issue No. 60, published on Oct. 11 2011)
OCT. 4 2011 (The Conway Bulletin) – A deal will be signed by 2012 on the size of the stake Kazmunaigas will take in the Karachaganak gas field, the head of BG in Central Asia, Chris Finlayson, told the Kazenergy Forum in Astana. BG is part of the consortium developing Karachaganak, the only major energy project in Kazakhstan the government is not involved in.
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(News report from Issue No. 59, published on Oct. 4 2011)
SEPT. 28 2011 (The Conway Bulletin) – Kyrgyzstan will buy gas from Kazakhstan at half the price it had been paying Uzbekistan, media quoted Kyrgyz acting deputy PM Omurbek Babanov as saying. In return, Kyrgyzstan has agreed to increase electricity supplies to southern Kazakhstan. There has been constant friction between Uzbekistan and Kyrgyzstan over gas and water supplies.
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(News report from Issue No. 59, published on Oct. 4 2011)
OCT. 3 2011 (The Conway Bulletin) – The three groups developing competing pipeline projects from the Azerbaijani sector of the Caspian Sea to Europe submitted their final bids to buy gas from the giant Shah Deniz field, the Azerbaijani government said. Winning the bid is essential for the projects, which includes the ambitious Nabucco pipeline.
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(News report from Issue No. 59, published on Oct. 4 2011)
SEPT. 26 2011 (The Conway Bulletin) – BP has proposed building another pipeline from the Caspian Sea to central Europe, media reported, underlining the South Caucasus importance as an energy corridor. There are already three different plans to build pipelines along a similar route — the EU-backed Nabucco pipeline, the Trans-Adriatic pipeline and the IGI Poseidon.
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(News report from Issue No. 58, published on Sept. 27 2011)
SEPT. 13/16 2011 (The Conway Bulletin) – Both Russia and Iran released statements opposing the EU’s move to negotiate a final deal with Azerbaijan and Turkmenistan for gas to fill its Nabucco pipeline running from the Caspian Sea to central Europe. The EU considers Nabucco as vital to its future energy strategy.
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(News report from Issue No. 57, published on Sept. 19 2011)
SEPT. 19 2011 (The Conway Bulletin) – Trade between Armenia and Iran has increased by 40% recently, Iran’s ambassador in Yerevan said according to local media. Iran has been looking to increase military and economic relations. Iran mainly exports gas to Armenia and imports power from Armenia.
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(News report from Issue No. 57, published on Sept. 19 2011)
SEPT. 12 2011 (The Conway Bulletin) – Looking for an alternative gas supplier to Russia, Ukrainian President Viktor Yanukovych flew to Ashgabat to meet Turkmen President Kurbanguly Berdymukhamedov. Both countries have argued with Russia over gas prices. China, Russia, the EU, India and Pakistan are all competing for access to Turkmenistan’s gas supplies.
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(News report from Issue No. 56, published on Sept. 12 2011)
SEPT. 7 2011 (The Conway Bulletin) – Russian state energy company Gazprom will invest $100m looking for hydrocarbons in Kyrgyzstan, Alexey Miller, the company’s CEO, said. The investment is an important financial boost for Kyrgyzstan and also pushes the country further towards Russia, a path it has pursued actively in the last year.
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(News report from Issue No. 56, published on Sept. 12 2011)
