From January to February 2016 Turkey imported 1,152,095 cub.m. of natural gas from Azerbaijan. Azerbaijani gas import increased by 39.48 mcm against the same period last year, reads the report placed on the web site of the Turkey’s Department for Energy Market Regulation (EPDK, www.epdk.gov.tr).
In January and February 2016 594.46 and 558.49 mcm of gas was exported from Azerbaijan to Turkey. In February Azerbaijani gas deliveries increased by 4.17% against the same period last month.
In January 2015 Turkey imported from Azerbaijan 577.35 mcm of gas and in February – 536.11 mcm.
According to EPDK, in 2015 Azerbaijan delivered 6.17 bcm of natural gas to Turkey against 6.07 bcm delivered in 2014. The report reads that in 2013 Azerbaijani gas import totaled 4.25 bcm.
In February 2016 Azerbaijan’s share in total gas import to Turkey increased up to 14.1% against 11% in January 2016.
* Turkey imports gas from Azerbaijan via the Southern Caucasian gas pipeline (Baku-Tbilisi-Erzurum). Azerbaijani gas is exported to Turkey from the Shah Deniz field since July 3, 2017 as a part of the Stage 1 project.—0-
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