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Caspian upstream: 2018 in review

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18 January 2019

Caspian upstream: 2018 in review

Report summary

2018 was another year of big projects and big numbers for the Caspian upstream sector. Our review covers five key themes of 2018: Infrastructure milestones – Azerbaijan's US$40 billion Southern Gas Corridor launches on schedule Production growth – Ramp-up continues at Kazakhstan's Kashagan super-giant Improved regional cooperation – Caspian Sea legal convention signed at long last Majors diversify into regional renewables – an energy transition story emerges Kazakh fiscal and regulatory reforms – competitiveness is improving

Table of contents

  • Southern Gas Corridor start-up headlines infrastructure milestones
  • Kazakh production shapes the regional growth story
  • Caspian Sea legal convention sets the tone for regional cooperation
  • Majors expand into the region's emerging renewables sector
  • Kazakh fiscal and regulatory reforms start to make a difference

Tables and charts

This report includes 5 images and tables including:

  • Southern Gas Corridor: 2018 milestones
  • Regional liquids and gas sales production
  • Kashagan oil production
  • Kazakhstan fiscal benchmarking (onshore oil)

What's included

This report contains:

  • Document

    Caspian upstream: 2018 in review

    PDF 1.58 MB