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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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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