We believe that at the end of June 2013 the Shah-Deniz consortium will make a decision in favor of Nabucco, because we have offered the best conditions, Reinhard Mitcek, Nabucco Executive Director, told journalists in Baku.
He said "if the Shah-Deniz consortium chooses Nabucco West, then we are going to start preparation in 2014, then start construction in 2015 and import gas in early 2019."
Mitcek said that by 2030 demand of the transit countries of Nabucco West in gas will total 43 billion cub.m. Together with the neighboring countries demand in gas will increase up to 246 billion cub.m. Mitcek added that considering this forecast, Nabucco West will be able to satisfy 8-10% demand of the European countries in gas.
"Our goal is not to fully meet demand of the gas market, but to develop it," Mitcek added.
He also added that the project will allow to export gas not only to the countries, through which the Nabucco-West route lies, but also to the Balkan countries, Slovakia, Czech republic, Poland, France, Germany, Ukraine and etc."
The reliable sources told Turan that the Nabucco-West has some advantages over the trans-Adriatic pipeline (TAP). However, these advantages did not allow then Nabucco-West to lead in the "struggle between the pipelines." All the issues related to costs for the pipeline construction and transit have been solved. The gas importing price (gas price formula) remains a question for the companies. Therefore, in the coming two weeks the Shah-Deniz experts will be negotiating this issue.-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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