Yesterday Aleksei Miller, chairman of Board of Gasprom, and Vagit Alekperov, President of LUKoil, had a working meeting in the central office of Gasprom, Gasprom press office reported.
The sides have discussed cooperation between the two companies. They, particularly, spoke about refining of associated gas from the northern group of fields LUKoil-Komi at Gasprom’s Sosnogorsk gas refinery. By present the companies have coordinated the schedule of events for the project implementation, approved the scheme of reception, transportation and refining at the gas refinery.
At the meeting Miller and Alekperov have discussed the course of gas deliveries from LUKoil’s fields in Bolshekhetsk depression and joint work for gas deliveries from LUKoil’s fields on the north of the Caspian Sea.—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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