On Tuesday Azerbaijani President Ilham Aliyev received Gunter Oettinger, the European Union Energy Commissar.
The sides stressed importance of the final investment decision on the Shah-Deniz-2 project signed in Baku and support provided by Gunter Oettinger to the project implementation has been highly appreciated.
The sides expressed confidence at the meeting that the project will contribute to expanding cooperation between Azerbaijan and EU member-states, securing energy safety of Europe and exchanging opinions on the perspectives of cooperation.—0—
Economics
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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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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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