Insight
Caspian - events to watch in 2014
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Report summary
After a year of progress at several of the Caspian’s mega-projects, 2014 will be a year of consolidation, rather than major growth. Solving the problems at Kashagan (Kazakhstan) and the ongoing evolution of the pipeline projects associated with Shah Deniz (Azerbaijan) will be the major events to watch.
Table of contents
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Kazakh megaprojects – tentative progress
- Kashagan stays centre stage
- FID at Tengiz and business as usual at Karachaganak
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An important year for regional exploration
- Most of the action is in Kazakhstan
- Turkmen offshore wells will be delayed
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Small improvements in Kazakhstan’s business environment
- First licensing round since 2006?
- Easier to navigate pre-emption
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