Georgia must immediately start talks with Azerbaijan to prevent growth of prices for the gas delivered to the country, said Georgian Premier at the session of the government yesterday.
“We should keep the current prices for gas delivered to Georgia and we must start talks with Baku,” he added.
He said the Georgian government has already discussed this issue with SOCAR, which representatives “have expressed full readiness to cooperation and achievement of agreements.”
Premier said it is no ruled out that the Georgian government will offer Azerbaijan to postpone or cancel rise in gas prices delivered to the country.
SOCAR Georgia Gas, which is the operator of Azerbaijani gas distribution in the Georgian regions, decided to raise gas prices for the company’s plants from 0.75 to 0.90 lari per 1 cub.m. from March 1, 2015, because of decline of lari rate.
If in early December 2014 1 USD cost 1.74 lari, by early February Georgian currency went down to 1.99.
According to Turan, Georgia imports Azerbaijani gas from the second half of 2014 at three different prices. Social gas is delivered by SOCAR according to the intergovernmental agreement. According to the agreement, on the border gas is sold at the price of $150 per 1000 cub.m. The second category is delivery of SOCAR’s gas at the regional price, which is about $180 per 1000 cub.m. Since the second half of 2013 Shah Deniz consortium has started commercial deliveries to the Georgian market (it sells gas to SOCAR Georgia Gas company( at $200 per 1000 cub.m. The commercial volume of gas export of Shah Deniz consortium to the Georgian market does not exceed one third of total volume of Azerbaijani gas.—0--
Economics
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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