![Sensational Statement by Secretary General of "Gas OPEC" on Azerbaijani Gas Supplies to Europe](https://turan.az/resized/media/2015/main/100700132025-750-500-resize.webp)
Sensational Statement by Secretary General of "Gas OPEC" on Azerbaijani Gas Supplies to Europe
Azerbaijani gas supplies to Europe will begin in 2022-2025, Secretary General of the Gas Exporting Countries Forum (GECF) Sayed Mohammad Hossein Adeli said in an interview with Izvestiya.
According to him, Azerbaijani gas supplies to the EU will begin no earlier than 2022-2025, and Iranian gas supplies will start even later.
Answering the question of "Is it a political move, declaring rejection of Russian gas in favor of Azerbaijan or Iran?" Secretary General of the "Gas OPEC" said: "I do not see any economic reason."
According to him, the cost of production in Iran is over the Russian index [in Iran - about $ 50 per 1 thousand cubic meters; according to the June statement of Gazprom, in 2014 the cost of its production amounted to 1,435 rubles, and in 2015 it will be reduced due to the devaluation to below $ 30], while new transportation pipelines, including TANAP [built in Turkey to deliver gas from Azerbaijan's Shah Deniz field to Europe - News] are built very slowly.
"According to my observations, Iran wants to bet on liquefied natural gas, as it would be more profitable to supply gas to Asia across the Arabian Sea. The project of the Iranian gas pipeline through Turkey is a long-term one and there are no prerequisites fot that," Sayed Mohammad Hossein Adeli said.
Turan IA's note: The Azerbaijani government in December 2013 approved the project Shahdeniz-2, which is expected to produce first gas in Q4 of 2018. As part of this project it is expected to produce annually 16 billion cubic meters of gas, of which 6 billion cubic meters will be allocated to the Turkish market and 10 billion cubic meters to Europe. According to recent data, the supply of Azerbaijani gas to the Greek market has to start at the end of 2020. -12D—
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review