Russian President Vladimir Putin does not rule out that Russia and Turkey will fund an agreement to expand Blue Stream gas pipeline to make deliveries to the markets of the third countries.
"We should not forget that Blue Stream has been working and we deliver 16 billion cub.m. of gas via the pipeline directly to Turkey," Putin told journalists.
"I do not rule out that we will be able to find an agreement with our Turkish colleagues to expand Blue Stream capacities to reach the markets of the third countries," Russian President added.
Russian sources reported that if Russia reaches an agreement with Turkey to deliver gas to the third countries' markets, then Gasprom will be able to deliver about 2.8 billion cub.m. of gas a year to Greece via the Blue Stream.
Carrying capacity of this pipeline is 16 billion cub.m. If another branch of the pipeline is built, then Russia will be a serious competitor of TANAP. The Turkish government has already requested Russia to increase gas deliveries to the Turkish local market from next year. On the other hand, Turkish football club Antalyasport has requested Russian has monopolist Gasprom to be its general sponsor.-0-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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