The Albanian authorities of Kosovo are not going to be involved in construction of the South Stream gas pipeline, despite the statements of the Serbian authorities, said Kosovo Foreign Minister Enver Hojay in his interview to the Albanian Top Channel TV.
RIA Novosti reported that Kosovo’s Albanians unilaterally proclaimed their independence from Serbia in 2008. Belgrade does not recognize the self-proclaimed state, but it has been conducting talks with Kosovo to improve relationships under pressure of the European Union.
Serbian Premier Iviz Dachich said last Sunday that it is planned to build a branch from the South Stream gas pipeline towards south of the country in Kosovo. He said such a possibility has been discussed at the talks in Brussels.
Enver Hojay claims, however, that the possibility of Kosovo’s joining the trans-Adriatic pipeline (TAP) has been discussed in Brussels, as TAP construction is supported by the EU. He said the Kosovo authorities are interested in this project.
TAP will be used to transport gas from the Caspian region to the south of Italy and further to the Balkan countries through Greece, Albania and Adriatic Sea. Gas, which is planned to be extracted during the Shah-Deniz Phase 2, will be considered as a source of the project. The initial capacity of TAP will be 10 billion cub.m. a year.—0—
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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