Construction of Southern Gas Corridor in Azerbaijan and Turkey proceeds according to schedule
Construction of the gas pipelines as a part of the Southern Gas Corridor, which is planned to be used to export Azerbaijani gas to the European Union, proceeds according to the schedule, said Marosh Shevchovich, European Commission Vice Chairman for Energy Union.
“It was clear from my talks in Baku that the plans are observed and construction of the pipeline proceeds according to the schedule. I have been assured by both Azerbaijan and Turkey that they intend to build the Southern Gas Corridor in time,” Shevchovich told journalists on Tuesday.
He said the Turkish partners have requested the EU to ensure readiness and accept gas into their gas transportation systems, when it reaches the European Union. “We have promised that,” said EC Vice President.
The Southern Gas Corridor includes expansion of the Southern Caucasian gas pipeline (construction of the new gas pipeline in Azerbaijan and construction of the gas pipelines in Turkey (TANAP) and Europe (trans-Adriatic gas pipeline (TAP) on Greece, Albania and Italy). Via the 3600-km-long Southern Gas Corridor it is planned to export 16 billion cub.m. gas extracted from the Azerbaijani Shah Deniz field in the Caspian Sea annually at the initial stage. 6 billion cub.m. of this volume will be consumed by the Turkish local market.—0—
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review