Meeting of Advisory Board of Southern Gas Corridor
February 29 a meeting of the Advisory Board of the Southern Gas Corridor started in Baku with the participation of the President of Azerbaijan.
The Council's work also involves the Ministers of Energy of the states of the Southern Gas Corridor, including the Vice-President of the European Commission on Energy Maros Shefkovich, Turkish Energy Minister Berat Albayrak, the special representative of US State Department Amos Hockstein, Special Representative of the UK Energy Edmund Hosker, Secretary of State of Italy Claudio De Vincenti, etc. .
Following the meeting, the Minister of Energy of Azerbaijan Natig Aliyev and the European Commission Vice-President for Energy Maros Shefkovich will make statements for the press.
As expected, the meeting participants will discuss the prospects and practical issues relating to the functioning, security and development of the Southern Gas Corridor.
As expected, it will focus on how to connect Iran and Turkmenistan to the corridor for the purpose of supply of natural gas to Europe. -02D-
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- Politics
- 29 February 2016 12:06
Economics
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The European Commission views Azerbaijan's increasing gas supplies to Europe as a highly beneficial alternative source for ensuring the EU's energy security, said European Union Energy Commissioner Kadri Simson in an exclusive interview with Turan during her visit to COP29 in Baku.
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The State Oil Company of Azerbaijan (SOCAR), which joined the global Oil and Gas Methane Partnership 2.0 (OGMP 2.0) earlier this year, hosted a forum on November 15 within the "Green Zone" of COP29. The event, titled "OGMP 2.0 Leadership Forum," brought together key stakeholders to discuss progress and prospects for methane emissions reduction in the oil and gas industry.
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Simon Stiell, Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), highlighted the urgency of climate financing discussions ahead of his visit to the G20 summit in Rio de Janeiro from November 17-20. Stiell, speaking before departing from Baku where the 29th session of the UNFCCC is currently underway, underscored the pivotal nature of the negotiations taking place.
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The State Oil Company of Azerbaijan (SOCAR) is strengthening its presence in Bulgaria's gas distribution sector, aiming to capture 7.5% of the market by the end of 2024. Currently, SOCAR supplies half of Bulgaria's natural gas needs and plans to further increase its market share through strategic partnerships and expanded distribution.
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