From January to October 2015 Azerbaijani gas export from the Shah Deniz Phase 1 totaled 4.8 billion cub.m., while gas export to Georgia – 550 million cub.m, said SOCAR Senior Vice President.
“Since beginning of gas export from the Shah Deni field till November 1, 2015 36 billion cub.m. of Azerbaijani gas was exported to Turkey and 4.8 billion cub.m. to Georgia. Daily gas export to Georgia is 4 million cub.m., while to Turkey is 18 million cub.m.,” said Yusifzada.
The contracts on gas sale from the Shah Deniz Phase 2 have been concluded between Turkey, Azerbaijan and Georgia. BTC Co company also buys gas to ensure work of the compressor stations of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline.-0—
Economics
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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.
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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.
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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.
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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.
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