Patrick Puyanne, head of the French Total oil and gas concern, urged to avoid politicization of Russian gas export to Europe.
“I would like to emphasize Russia’s role at the world gas market. Russia occupies the first place in the world. Russian gas is delivered to Europe via Ukraine and there is too much politics in this issue,” he said at the opening ceremony of the World Gas Congress 2015 in Paris.
He urged to find compromise and find a diplomatic solution, because Russia is an important business partner of Europe.
He reminded that Total owns a share in the Russian LNG project – Yamal LNG.
Puyanne also said that Europe will certainly increase share of the renewable sources of power, but the role of non-renewable sources will remain significant and “one should not compare them.”—0—
Economics
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The Eurasian Development Bank (EDB) is actively exploring the possibility of expanding its shareholder base to include neighboring countries such as Azerbaijan, Turkmenistan, and Mongolia. This was announced by EDB Chairman Nikolai Podguzov at a press conference on December 5, 2024, where he emphasized the importance of expanding the bank’s membership to foster sustainable growth.
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In 2023, the trade turnover between Azerbaijan and Turkey reached $7.5 billion, aligning with 50% of the target set by both nations, which aims for $15 billion in future bilateral trade. This milestone was shared by Barış Altıparmak, the World Turkish Business Council representative for Azerbaijan, during a meeting of the Eurasian Council of the organization in Baku.
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Azerbaijan's President Ilham Aliyev signed a decree on Thursday to establish the Nakhchivan Industrial Park in the Nakhchivan Autonomous Republic, aiming to foster competitive production and bolster entrepreneurial growth.
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SOCAR and Yokogawa Electric signed a Memorandum of Understanding (MoU) on Thursday to enhance their collaboration.
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