Azerbaijan and Turmenistan are putting their difference behind them
Friendship deal buoys fresh Caspian hopes
Having settled a 30-year field demarcation dispute with Turkmenistan, Azerbaijan is cheerleading for a second phase of the Southern Gas Corridor
Sentiment in Azerbaijan’s capital Baku has been on an upbeat trajectory in early 2021. Even declining oil production at its Azeri-Chirag-Gunashli (ACG) fields in 2020, where output fell by 10pc to 175mn bl, has failed to put a dampener on Azeri optimism. Having secured an emphatic military victory over Armenia over the disputed Nagorno-Karabakh region, the southern Caucasus oil and gas producer ended last year by completing the first phase of the 16bn m³/yr Southern Gas Corridor (SGC) pipeline system, which is sending Caspian gas 3,500km from the Shah Deniz field to Europe. First gas to Greece and Bulgaria arrived on 31 December. 32pc – Jan/Feb increase in Azeri gas exports Gas e
Also in this section
15 August 2025
US secondary sanctions are forcing a rapid reassessment of crude buying patterns in Asia, and the implications could reshape pricing, freight and supply balances worldwide. With India holding the key to two-thirds of Russian seaborne exports, the stakes could not be higher
11 August 2025
The administration is pushing for deregulation and streamlined permitting for natural gas, while tightening requirements and stripping away subsidies from renewables
8 August 2025
The producers’ group missed its output increase target for the month and may soon face a critical test of its strategy
7 August 2025
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
