Low oil prices have left SOCAR, the Azerbaijani state oil and gas company, looking to international markets to secure financing for its share of new gas pipelines to Europe.
Construction on the long-delayed Turkmenistan-Afghanistan-Pakistan-India pipeline has begun. But some of the drivers of progress could support more than TAPI.
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Five of Europe’s largest markets have a total of around 34 bcm of gas in storage, with moderate temperatures limiting the pace of drawdowns at the end of January.
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