SEPT. 5 2013 (The Conway Bulletin) — Azerbaijan may need another gas pipeline once Shah Deniz II starts production in 2019/2020, media quoted the Azerbaijani energy minister, Natik Aliyev, as saying. His statement may breathe fresh life into the Nabucco project which lost out on pumping gas to Europe earlier this year.
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(News report from Issue No. 151, published on Sept. 11 2013)
AUG. 26 2013 (The Conway Bulletin) — Irish Distillers, a subsidiary of Pernod Ricard, has lost the rights to the Jameson whiskey brand name in Uzbekistan, RFE/RL reported. A local company owns the Jameson brand name through a 2008 patent, the court ruled. Western companies have previously struggled to defend intellectual property in Uzbekistan.
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(News report from Issue No. 150, published on Sept. 2 2013)
AUG. 30 2013 (The Conway Bulletin) — Uzbekistan Airways, the state-owned airline, has placed an order for two new Dreamliner Boeings, media reported. Neither the Uzbek government nor Boeing have confirmed these reports. In August, senior Boeing executives reportedly travelled to Tashkent for meetings with Uzbek government officials.
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(News report from Issue No. 150, published on Sept. 2 2013)
AUG. 30 2013 (The Conway Bulletin) — The CEO of French energy company Total, Christophe de Margerie, said that Kashagan, the Caspian Sea oil field that Kazakhstan has pinned its economic hopes to, will begin production shortly, Bloomberg News reported. Total is one of the Kashagan shareholders. Production at Kashagan is several years overdue
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(News report from Issue No. 150, published on Sept. 2 2013)
AUG. 29 2013 (The Conway Bulletin) — After several months of deliberation, the Kazakh government signed into law a new energy saving code that should turn the country into a beacon of green, power-saving efficiency in the former Soviet Union.
For foreign investors and business, the code — dubbed Energy Efficiency 2020 — is something of a quandary. It will create opportunities for some businesses but also additional cost for industry.
Kazakh President Nursultan Nazarbayev decreed that by 2015, the country needed to reduce its power consumption by 10%. Energy Efficiency 2020 aims to cut this by 25%.
Mr Nazarbayev’s motivation for this decision may have been EXPO-2017, a global opportunity to showcase his gleaming capital, Astana. Part of the EXPO-2017 message is clean, efficient energy.
In any case, the ramifications will mainly be felt by large industry. Kazakh media reported that under the new code it will process energy audits of 2,000 industrial sites.
Those businesses that don’t pass the audit will have to buy and implement a series of energy saving technologies and techniques.
Another part of Kazakhstan’s society that will be heavily targeted to improve energy efficiency is insulation in Soviet-era housing. This is often leaky, spilling out much of the heat generated by the centrally-controlled system.
It is unclear who will foot the bill for this ambitious target, but the government said it has already allocated $7.1b for various energy saving projects.
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(News report from Issue No. 150, published on Sept. 2 2013)
AUG. 23 2013 (The Conway Bulletin) — Toronto-listed Centerra Gold and the Kyrgyz government began negotiations over the ownership of the Kumtor gold mine in eastern Kyrgyzstan. The Kyrgyz government holds a 32.7% stake in Centerra Gold, which owns Kumtor, but it says it should own more of the country’s biggest industrial asset.
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(News report from Issue No. 149, published on Aug. 26 2013)
AUG. 19 2013 (The Conway Bulletin) — Azerbaijan’s state oil company SOCAR wants to buy 5m tonnes of oil from Russia’s Rosneft, media quoted SOCAR chairman Rovnag Abdullayev as saying. The plan is to reverse the flow of the Baku-Novorossiysk pipeline to pump the oil to Azerbaijan where it will either be refined or exported to Europe.
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(News report from Issue No. 149, published on Aug. 26 2013)
AUG. 23 2013 (The Conway Bulletin) — Uzbekistan should produce 1.1m tonnes of processed cotton in 2013, the same level as last year, an industry website reported quoting government officials. Cotton is a major foreign currency earner for Uzbekistan, the world’s sixth largest producer and second largest exporter.
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(News report from Issue No. 149, published on Aug. 26 2013)
AUG. 21 2013 (The Conway Bulletin) — Petrol stations in Uzbekistan have restricted fuel sales to counter a reported shortage, media reported. The shortages haven’t been adequately explained but may be due to stockpiling. A website linked to the government said fuel prices, normally controlled, may soon shoot upwards.
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(News report from Issue No. 149, published on Aug. 26 2013)
AUG. 13 2013 (The Conway Bulletin) — Relations between Azerbaijan and Russia have generally been cool for the past decade or so. Russian President Vladimir Putin’s trip to Baku on Aug. 13 only served to underline this.
Azerbaijan’s President, Ilham Aliyev, has looked to balance the interests of the country’s former master, Russia, with that of Europe, a major energy client. In previous years there has been talk of Russia buying up Azerbaijan’s gas supplies but this never materialised. Instead, Western energy firms have tightened their hold on Azerbaijan’s vast Caspian Sea energy supplies by buying up stakes in fields and building pipelines.
And despite rhetoric of improved ties between Moscow and Baku before a trip by Mr Putin, his first to the Azerbaijani capital in seven years, this general trajectory appears set.
Russia’s Rosneft had talked of an energy deal with SOCAR, the Azerbaijani state-owned energy company, but this never materialised. Sources told media outlets that a vague agreement had been signed but there were too many differences to commit to anything more meaningful.
These differences are varied. Some are personal, others strategic — last year Russia and Azerbaijan failed to agree on a lease extension for a Russian radar base — and others are commercial. Azerbaijan-Russia relations still need some mending.
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(News report from Issue No. 148, published on Aug. 19 2013)