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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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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