EU Energy Commissioner Oettinger welcomes the ratification of the TANAP agreement by the Azerbaijan parliament: "This Decision to ratify the TANAP agreement shows the concrete determination of Azerbaijan to bring its gas to Europe. This pipeline will mean that gas is brought to Europe's border, to then freely circulate within the European Union. It is a pleasure to welcome Azerbaijan, and more especially SOCAR, to the European Union's energy market", he said.
TANAP will take gas from the Eastern Turkish border to the Western Turkish border, providing for stable transit across the whole country. The project will link to the expanded Southern Caucasus pipeline starting in Azerbaijan to a variety of proposed pipelines in the European Union. TANAP will contribute to both Turkey's and the EU's security of supply. -0-
Economics
-
The first Russian-Iranian joint LNG plant is planned to be built in the Chelyabinsk region by 2027, as reported by Nikolai Isakov, Vice President and Executive Director of the Russian Gas Society. The joint venture will be developed by Kriogaz Chelyabinsk (Russia) and North-South Corridor Development Group (Iran).
-
The Southern Gas Corridor (SGC) will expand by at least 1.2 billion cubic meters per year starting from January 2026, thanks to the capacity increase of its European segment, the Trans Adriatic Pipeline (TAP). By this time, the potential for transporting a blend of hydrogen with other low-carbon gases through TAP is expected to become clearer.
-
Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
-
Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
Leave a review