European Union hopes to conclude agreement with Azerbaijan and Turkmenistan on the legal basis of the trans-Caspian gas pipeline, read the materials of the discussions of Foreign Ministers of 27 EU member-states at the meeting in Luxembourg on June 25, 2012.
"EU intends to conclude the agreement on the legal basis of the trans-Caspian gas pipeline with Azerbaijan and Turkmenistan, which will contribute to opening of the European Southern Gas Corridor via which it is planned to carry natural gas from the Caspian region to Europe," says the press release.
Russia and Iran believe that the issue of the pipeline laying via the Caspian Sea bottom should be solved with consent of all Caspian basin states. Azerbaijan, Kazakhstan and Turkmenistan believe that this issue could be solved by two contracting parties, but not all five littoral states.
Yurii Ushakov, Assistant of Russian President, said that Vladimir Putin said at the summit Russia-EU in early June that any decisions on the Caspian issues made without consensus would be considered illegitimate by Russia.-0---
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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