On June 28, 2013 the Shah-Deniz consortium has selected the trans-Adriatic pipeline (TAP) route and on July 1, 2013 EU released statement of the European Energy Commissar Gunter Oettinger saying that “the Nabucco West still remains urgent.” Oettinger pins hopes on development of fields on the Caspian shelf in the future.
Almost the same viewpoint was expressed at the ceremony of announcement of the route in Baku by Gordon Birrell, BP-Azerbaijan President, on Friday. He claimed that Azerbaijan has perspective gas fields and as soon as they discovered the both pipelines will be claimed. He also meant the Nabucco-West.
Two questions arise here: why is BP-Azerbaijan President so sure that several big gas fields will be discovered and the second export route will be needed for transportation of their resources? And the second question what calculations the fact that the Nabucco-West must become a commercially attractive project in 10 years is based on?
By 2023-2025 there will be new infrastructure projects in Europe, including delivery of liquefied gases from North America, different parts of Africa, Near East and, possibly, pipelines from the Mediterranean Sea.
If the pipeline project has not been implemented now with the lobbying of the West, how it can still be urgent when competition will increase by ten times.
From the logical viewpoint, Nabucco project and also its shorter version Nabucco-West remained political projects.
In this context position of BP company is unclear: why did it decide to support political projects? Al Cook, Vice President of BP for Shah-Deniz, said clearly that “there was a big difference in the price of gas and its transportation between TAP and Nabucco West.—0—
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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