The functionary reminded that Iran imports 1 million m3 of gas per day from Azerbaijan on swap contracts for Azerbaijan"s exclave Nakhchivan Autonomy.
SOCAR intends to modernize the gas infrastructure towards Iran to increase the gas export in this direction. The company plans to complete the Astara gas compressor station"s modernization by September 15, raising the operational pressure from 50 to 75 atmospheres. This will let SOCAR increase the gas export to Iran from 1.2 million to 5 million m3 per day.
* Azerbaijan has been supplying gas to Nakhchivan through Iran since November 5, 2006. The supplies totaled 179.7 million m3 in H1, 2010. SOCAR and Iran"s National Gas Export Company agreed about the supply of 100 million m3 from Azerbaijan to Iran on January 13, 2010. But the gas was not supplied because of the existing pipeline"s limited throughput. --12В--
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- Telecomnews
- 27 August 2010 06:37
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- Want to say
- 27 August 2010 12:49
Economics
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Russia and Iran have agreed on a gas pipeline route passing through Azerbaijan, according to Russia’s Energy Minister Sergey Tsivilyov. The Russian minister stated that the parties are in the final stage of negotiations, and the volumes have already been determined. According to Tsivilyov, Iran’s agreement with Russia’s Gazprom for gas supply via Azerbaijan is currently estimated at over 2 billion cubic meters annually. However, future supplies could increase to 55 billion cubic meters per year.
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On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.
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During the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc. The meeting underscored the ongoing collaboration between Goldman Sachs and Azerbaijan's financial institutions, notably the Central Bank of Azerbaijan and the State Oil Fund.
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At the World Economic Forum in Davos, Azerbaijan's Minister of Economy, Mikayil Jabbarov, participated in the session titled "Leaders’ Circle: Financing the Energy Transition – A New Horizon." Jabbarov emphasized discussions on existing opportunities and major challenges in achieving successful energy transformation, underscoring the critical importance of financing the energy transition.
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