In 2013 gas deliveries via North Stream totaled 23.77 billion cub.m., representatives of Gasprom said during the telephone conference with the investors.
During quarter 3, 2013 deliveries via the North Stream totaled 5 billion cub.m.
ITAR-TACC reported that during 9 months, 2013 profit of Nord Stream company (North Stream operator) dropped by 41.3% to 2.21 billion rubles. During 9 months, 2012 net profit of the company totaled 3,761 billion rubles. The bloc of shares of the company-operator –51% falls to Gasprom. –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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