SOCAR allowed Gasprom to deliver gas to Azerbaijan using its infrastructure
State Oil Company of Azerbaijan (SOCAR) has allowed Russian Gasprom to deliver gas to the methanol plant of Azerbaijani AzMeCo company, SOCAR President Rovnag Abdullayev told journalists on Tuesday.
“We have signed the contract and committed ourselves to deliver gas to the methanol plant via our gas pipelines. We do not have need in gas import, we just honor our contract commitments. The methanol plant has not concluded a long-term contract for gas deliveries with us and for this reason we do not have resources for it. Thus, SOCAR did not object to purchase of gas by AzMeCo from the Russian company. We have concluded a contract allowing Russian gas deliveries via our pipelines,” Abdullayev said.
In June 2015 Aleksei Miller, head of Russian Gasprom company, said that Gasprom will be able to deliver several billion cub.m. of gas a year to Azerbaijan since the end of 2015.
At present Gasprom has a contract for Azerbaijani gas purchase (with the possibility of prolongation) signed on October 14, 2009. The contract expires at the end of December 2015. However, since summer 2014 SOCAR does not deliver gas to Russia. In 2013 Azerbaijani gas export to Russia totaled 1.37 billion cub.m., last year it decreased to 0.2 billion cub.m. The reason is launching of the methanol plant last year, which runs only on natural gas.
* The length of the gas pipeline from the Russian-Azerbaijani border to AzMeCo plant is about 250 km. The carrying capacity of the pipeline is 6 billion cub.m. a year and the current working capacity is no more than 2.5 billion cub.m.—0--
-
- Politics
- 15 July 2015 11:36
Economics
-
Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
-
The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
-
Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
-
In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
Leave a review