July 2010 Vol. 237 No. 7

Projects

Azerbaijan Looking To Revamp Gas Distribution System

Azerbaijan’s state oil and gas company Socar is considering various financing options for an investment program that would overhaul the nation’s gas distribution network.

Socar officials are working with several foreign companies – German utilities RWE and E.On Rhurgas, and Austria’s OMV – to calculate the size of investment needed for the modernization of the gas distribution network and the introduction of modern management practices within Azerigas, which Socar recently took over.

Socar is also investigating alternative forms of transportation including LNG or CNG from the Black Sea shore to Romania, Bulgaria and other European countries. This would involve building an LNG or CNG terminal on the Black Sea shore and redelivery facilities on the opposite shore.