According to the preliminary information, from September to October 2013 Gasprom Export increased export by 15.5% against the same period last year up to 118.35 billion cub.m, Gasprom Export press office told Prime agency.
In particular, in September 2013 oil export increased by 24% up to 13.15 billion cub.m.
In 2013 the concern forecasted increase in gas deliveries to Europe by 9.4% up to 151.8 billion cub.m. and to the CIS and Baltic countries by 15.7% up to 74.5 billion cub.m. In June 2013 Aleksei Miller, Gasprom President, said the forecast of export to Europe was increased up to 160 billion cub.m.
In 2012 Gasprom’s production decreased by 4.9% up to 488 billion cub.m. Export to Europe dropped by 7.5% to 138.8 billion cub.m. Export decreased by 8% to 203.22 billion cub.m. In 2013 Gasprom forecasts growth of production by 1.8% up to 495.7 billion cub.m. and in 2014-2015 up to 518 billion cub.m.—0-
Economics
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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