French Gaz de France will buy a total of 65 bcm of Azerbaijani gas extracted from the Shah Deniz Phase 2, Azerbaijani Energy Minister Natig Aliyev said.
Last Friday Aliyev met with French Ambassador to Azerbaijan Aurelia Bouchez, reported Ministry.
Minister said at the meeting that French companies are actively represented in the Azerbaijani oil and gas industry. In particular, Total company has a 5% share in the Baku-Tbilisi-Ceyhan (BTC) oil pipeline, 10% in the Southern Caucasian Gas pipeline (Baku-Tbilisi-Erzurum) and Total and Gas de France are partners of the project for the Absheron field development.
Aliyev added that Azerbaijan has concluded contracts to sell gas from the Shah Deniz Phase 2 with nine companies. Gaz de France will be among the biggest buyers and purchase 65 bcm of Azerbaijani gas.
French Ambassador has mentioned interest of French companies in the Azerbaijani energy sector. In particular, Air Liquide and Axens companies also take part in the projects in Azerrbaijan.
She said at present France tries to determine new directions of cooperation in the energy field with Azerbaijan. French specialists plan to visit Azerbaijani to do research in this area.—0—
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