Kazakhstan: gas-turbine station to be built

ERG Company is set to fund construction of the gas-turbine station in the country’s south. “The company is expected to invest $500 million in installing the gas-turbine station to provide the south of Kazakhstan with electricity and heat energy in the winter,” Shymkent mayor Gabidulla Abdrakhimov said. The government has approved the 2023 Shymkent complex…

Uzbekistan: new contract for electricity supply to be signed with Afghanistan

Mutually beneficial cooperation between Uzbekistan and Afghanistan in electricity supply plays an important role in the development of bilateral relations. Uzbekistan and Afghanistan plan to have signed a 10-year contract for the electricity supply on “take-or-pay” terms by the end of October. A take-or-pay contract is a rule structuring negotiations between companies and their suppliers.…

Azerbaijan: gas exports up in January-May 2019

Azerbaijan, which is an important supplier of natural gas in the Caspian Sea region, particularly to European markets, keeps increasing its gas exports. In the period from January to May Azerbaijan exported 4.9 billion cubic meters of gas, up 1.8-fold YoY, according to the Azerbaijani State Customs Committee. In monetary terms, the export volume amounted…

Ukraine: gas stocks up since start of injection

Natural gas reserves at the Ukrainian underground storage facilities (USFs) after the completion of the heating season (April 5) increased by 48.5%, to 13.002 billion cubic meters. That’s according to the data provided by Ukrtransgaz, the state-owned operator of the gas transmission system of Ukraine. As of June 22, gas reserves at USFs are 21%…

Latvia: energy giant’s council suspended

The council of the Latvian state energy giant AS Latvenergo has been removed by Economy Minister over lack of productivity. Yet its members have stated they are satisfied with the achievements of their work. Latvian Economy Minister Ralfs Nemiro (KPV LV) removed the council of the state capital company on June 19. Nemiro thanked council…

Ukraine: gas output up in January-May 2019

In January-May, Ukrainian gas enterprises produced 8.8 billion cubic meters of natural gas, the press service of Ukrtransgaz JSC reports. “Since the beginning of the year and as of May, Ukrainian gas enterprises produced 8.8 billion cubic meters of natural gas, up by 3.5% YoY,” reads the report. Ukrainian consumers of all categories from the…

Ukraine: gas transit up in January-May 2019

Transit shipments of natural gas via the Ukrainian gas transmission system (GTS) in January-May grew by 7.8% YoY, to 37.6 billion cubic meters. In particular, gas transit supplies from Russia via Ukraine in May alone stood at 8.37 billion cubic meters, up by 16.4% YoY, the state-run gas transmission system operator Ukrtransgaz said. (UNIAN/Business World…

Azerbaijan: Azerenerji reconstructing power supply system of Baku

Azerbaijan’s biggest electrical power producer Azerenerji OJSC carries out reconstruction, complex repair and rehabilitation work at electric power plants and systemically significant 220 and 110-kilovolt substations in order to improve the supply of electricity to Baku, the surrounding settlements and the country’s regions. A 220-kilovolt substation “Khirdalan”, the substation “Mushfig” in the Badamdar settlement, the…

Ukraine: gas reserves up in May 2019

In May Ukraine increased gas reserves in underground gas storage facilities by almost 2 billion cubic meters. As of June 1, they reached 11.46 billion cubic meters, the press service of the NJSC Naftogaz Ukrainy reported. “Ukraine continues to accumulate gas in underground gas storage facilities to go through the next heating season. The gas…

Azerbaijan: gas production to grow

Oil prices this year are expected to reach $65, Director of Fitch Ratings Sovereign Group in Europe Marina Stefani declared. She said that next year oil prices would be at $62.5. The expert also noted that gas production in Azerbaijan would grow due to the production from the second stage of Shah Deniz field’s development.…

Azerbaijan: electricity export to Europe starts

Since May 1, Azerbaijan has started supplying electricity to Greece, Romania, Bulgaria and Hungary through Georgia and Turkey, Azerenergy OJSC said in a message. Azerenergy was among the winning companies participating in the auction to supply electricity to Greece and Bulgaria. The company also supplies electricity to Iran, Russia, Turkey and Georgia. In the coming…