Gasprom has again reduced the forecast of gas extraction for 2015 by 1.2% to 444.6 billion cub.m, reads the company’s report about quarter 2, 2015.
In May 2015 Vsevolod Cherepanov, member of Gasprom Board, chief of Department for Production of Gas, Gas Condensate and Oil, told journalists that in 2015 Gasprom plans to extract 450 billion cub.m. Earlier in its report about quarter 1, 2015 the company forecasted the production at 471 billion cub.m. of gas.
In 2014 Gasprom extracted 443.9 billion cub.m. of gas. Therefore, growth of production in 2015 could constitute 0.1%.
Gasprom also forecasts growth of gas extraction in Russia in 2015 by 1.9% up to 654.3 billion cub.m. In July 2015 the Russian Ministry of Economic Development announced the forecast of gas production in Russia at 626 billion cub.m. and gas extraction by a Gasprom group was forecasted by the Ministry at 414 billion cub.m.
In early February Russian Ministry of Energy announced that it is forecast to extract 668 billion cub.m. of gas in Russia in 2015.—0—
Economics
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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.
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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.
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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.
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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.
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