During 6 months, 2012 2.2 billion cub.m. of natural gas was exported via the South Caucasian Pipeline (SCP). Export dropped by 200 million against the same period in 2011, reads the report of the Azerbaijan State Statistical Committee.
In January export was 434.7 million cub.m., in February - 427.9 million cub.m., in March - 437.4 million cub.m., in April - 300 million cub.m., in May - 200 million cub.m. and in June - 400 million cub.m.
In 2011 4.5 billion cub.m. of natural gas was exported via the South Caucasian Pipeline (SCP), down 400 million cub.m. against 2010. Reduction of export volume is connected with the fact that the main gas consumer within Stage-1 project of the Shah-Deniz field development - Turkey - reduces gas import. From Azerbaijan gas is delivered to the east of Turkey, which is economically undeveloped region of the country. It is not advantageous for Turkey to transport Azerbaijani gas to the western regions, where Russian gas is delivered from two sources (through Bulgaria and via Blue Stream along the Black Sea bottom) through the entire country.
* SCP pipeline was put into operation at the end of 2006 Natural gas produced on the offshore gas condensate Shah-Deniz field is exported via this pipeline. Gas is delivered to Georgia and Turkey. In addition, DBC Co company, which is in charge of transportation of oil via the Baku-Tbilisi-Ceyhan pipeline for the pump stations, receives gas via SCP.-0--
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review