The first branch of South Stream gas pipeline will start to operate at the end of 2015, Vladimir Chizhov, Russia’s permanent representative in European Union, said in his interview to RIA Novosti.
Gasprom will build the gas pipeline through the Black Sea to Southern and Central Europe to diversify the gas export routes. South Stream construction started on December 7, 2012 in Anapa. It was earlier reported that the commercial deliveries are expected to start in quarter 1, 2016 and the project will reach the full capacity of 63 billion cub.m. a year in 2018.
The first branch of South Stream will be launched by the end of 2015, Chizhov said.—0—
Economics
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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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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