Azerbaijan and Turkey must strengthen cooperation in the energy field, because as demand in the natural resources grows in Europe, the partnership will become more important, Turkish Minister of Energy and Natural Resources Taner Yildiz said in his speech at the Caspian Forum in Istanbul.
“TANAP and trans-Adriatic pipeline (TAP) make a very important chain for delivery of natural gas from the Caspian basin to Europe,” he said.
Minister said that at present annual natural gas consumption in Europe totals 500-520 billion cub.m. of gas and by 2030 the consumption is expected to grow up to 700 billion cub.m., which makes the South Gas Corridor more important and Turkmenistan, Iran and Iraq could contribute into this project.
Yildiz said that in the co0ming years gas consumption in Turkey will increase up to 50-52 billion cub.m.
“83% of Turkish population has access to gas today and by 2015 the entire country will be supplied with gas,” said Minister.—0—
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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