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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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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