Trans Adriatic pipeline (TAP) consortium will announce reception of applications for construction and auxiliary works at the end of 2014-early 2015, Greek media reported on January 20, 2014.
Greek company could submit applications for participation if competent and meet the requirements.
At the end of July, 2013 the Shah-Deniz consortium selected TAP has the route to transport its gas to the European markets.
The initial capacity of TAP will be 10 billion cub.m. a year with the possibility of expansion up to 20 billion cub.m. a year. TAP will start to work since 2019.
Trans Anadolu gas pipeline (TANAP) will be built through Turkey to transport gas to the European border.
* TAP shareholders are BP (20%), SOCAR (20%), Statoil (20%), Fluxys (16%), Total (10%), E.ON (9%) и Axpo (5%). –0--
Economics
-
The Milli Majlis (Parliament) of Azerbaijan began discussions on Monday regarding the draft state budget for 2025, which projects expenditures of AZN 41.368 billion.
-
Azerbaijan’s livestock sector has demonstrated modest growth in domestic production, yet it faces significant challenges as imports of meat and dairy products surge. Recent data from the State Statistics Committee underscores this dichotomy, revealing increases in local output but an even sharper rise in imports, accompanied by persistent price inflation.
-
Azerbaijan's agricultural sector faces a critical moment as modest growth in grain production fails to offset a troubling decline in productivity. Data from the State Statistics Committee shows that total grain and legume production grew by 0.7% year-on-year, reaching 3.2 million tons by November 1, 2024. However, this growth is overshadowed by a sharp 6.2% drop in yield, highlighting structural inefficiencies in the sector.
-
Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
Leave a review