SOCAR is interested in supply of Montenegro with gas, SOCAR President Rovnag Abdullayev told journalists.
“We have worked on the project of gasification of Albania. Montenegro has recently joined this project. Now we are going to work on the joint feasibility study of gasification of Albania and Montenegro and work out one expanded project, which could be more profitable,” he added.
He said SOCAR as soon as the trans-Adriatic gas pipeline (TAP) is launched in Albania, it would be more interesting to distribute this gas in Europe.
The memorandum on mutual understanding on cooperation in development of a general plan of gasification of Albania was signed between the governments of Azerbaijan and Albania on December 19, 2014.--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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