In January 2014 gas production in Russia increased by 0.5% against 2013 and totaled 65,636,000,000 cub.m., export increased by 10% up to 21,599,000,000 cub.m., according to the Central Dispatcher Department of the fuel and energy sector.
Last month the biggest Russian gas maker Gasprom reduced production by 1% to 48,467,000,000 cub.m. In November 2013 NOVATEC extracted 5,293,000,000 cub.m. (growth by 2.6%). In January 2014 local consumption of Russian gas decreased by 0.7% and totaled 54,066,000,000 cub.m.
In January gas export to Far Abroad totaled 14,748,000,000 cub.m. (growth by 15.6%) and to Near Abroad – 5,486,000,00 cub.m. (reduction by 13.6%). In January 2014 1,969,000,000 cub.m. of gas was received from other countries, up 2.2% against the same period last year.
In January 2014 export of liquefied natural gas to the CIS member-states totaled 1,365,000,000 cub.m. (growth by 0.4%).—0—
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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