![EU resumes talks on the Trans-Caspian gas pipeline](https://turan.az/resized/media/2015/main/032600110716-750-500-resize.webp)
EU resumes talks on the Trans-Caspian gas pipeline
The European Union is looking for opportunities for the construction of a gas pipeline from Turkmenistan to Europe with the involvement of European companies, stated the EU ambassador to Ashgabat Denis Daniilidis.
According to Reuters, European Commission Vice President Maroš Šefčovič plans to visit Turkmenistan in the coming months for the resumption of negotiations on the Trans-Caspian gas pipeline.
"During the negotiations with our Turkmen partners we came to the conclusion that it is necessary to find out how to attract EU companies to buy Turkmen gas to the European market," said Šefčovič.
On March 10, Turkmen authorities have said about active negotiations on deliveries to Europe from 10 to 30 billion cubic meters. meters of gas per year through the Trans-Caspian gas pipeline, which will be laid under the Caspian Sea from Turkmenistan to Azerbaijan. Next it will connect with the existing system of pipelines and gas through Georgia and Turkey will go to Europe.
The project is also supported by the US and Russia and Iran are trying to prevent its construction,
Azerbaijan, Kazakhstan and Turkmenistan believe that this issue should be addressed in two contracting parties, and not all five littoral states.-02D-
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review