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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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.
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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.
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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.
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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.
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