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Azerbaijan enjoys rare upstream FID
BP and partners have reached a $2.9b FID on a new phase at Shah Deniz, but slow progress on other gas projects is attributed to a lack of European support
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Turkmenistan, Turkey and Iran in gas triangle
The new agreement for Turkmen gas exports via Iran marks another step in Turkey’s efforts to become regional gas hub but may have limited benefits for Tehran
Azerbaijan looks to solve its midstream conundrum
The country wants to kickstart its upstream but first needs to persuade investors to foot the bill
Turkey shows Europe its gas hand
Country offers to boost gas exports to Europe to 10bcm/yr, but serious questions remain
Letter from Azerbaijan: COP half-full, or COP half-empty?
The agreement by the parties to raise at least $300b/yr for developing countries by 2035 was derided as a betrayal by the Global South, but the UN urged pragmatism
Turkey’s grand gas hub plan, part 2: The Russia question
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Turkey’s grand gas hub plan, part 1: Caspian commitments?
The country is looking to position itself as a bridge for gas supplies from east to west, but whether Europe will need this gas remains to be seen
Karpowership charts unique course
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Azerbaijan Chevron Turkey
James Gavin
19 February 2019
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US majors’ planned Caspian exit puts Baku in a bind

Azerbaijan may find it much tougher to find investment after the departure of Chevron and ExxonMobil

The start of commercial gas deliveries to Turkey from the Shah Deniz 2 field last July imbued Azerbaijan's hydrocarbons sector with a sense of positivity. But 2018 ended on a downbeat note when reports emerged that Chevron and ExxonMobil intended to withdraw from the largest Caspian oilfield development, Azeri-Chirag-Deepwater Gunashli (ACG). The planned exit of these US majors comes at a tricky time for the Azeri government. Baku needs to maintain the flow of investment into exploration and production at a time when political risk in the Caspian region is mounting. This is due, in part, to the intensified sanctions squeeze being imposed on neighbour Iran by the administration of US presiden

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