“In the future Iran will be able to transport its gas to the West via TANAP gas pipeline,” Ali Hasanov, Assistant President for Public and Political Affairs, said in Istanbul. The portal www.haqqin.az wrote referring to Al-Jazeera Turk TV channel.
Hasanov said TANAP is among the most important energy projects implemented throughout the world.
“TANAP is an important gas pipeline for delivery of Azerbaijani gas to Europe and the world markets and is the only alternative source of energy. During as minimum 60-70 years up to 30 billion cub.m. of gas a year will be exported to the European consumers via this gas pipeline. On the other hand, European countries and US will lift sanctions from our neighbor – Iran. I think that in the future Iran’s rich gas resources could be delivered to the West via the TANAP gas pipeline. In the mid-term Turkmenistan gas also could be delivered via TANAP,” Hasanov said.—0--
Economics
-
Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
-
As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
-
Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
-
Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
Leave a review