According to the plans of the Turkish government, by 2023 natural gas import will keep declining at the expense of putting into operation of local energy sources. In quarter 3, 2013 Turkey decreased gas import by 12%.
In quarter 2, 2013, Turkey purchased 6% less gas from Russian Gasprom company as compared to quarter 1, 2013.
That time Italy has saved the situation by increasing the purchases by 190%. Right now Turkey buys gas worth $12 billion a year.
One of the directions of investments is the field in Konya province, where it is planned to extract methanol from the coal strata.
TPAO has been developing Dogu-Ayazli and Ayazli-Akkaya fields. In 2012 the production volume totaled 127 million cub.m.
During 2012 Turkey produced a total of 664 cub.m. of gas, reported http://neftegas.ru.--0--
Economics
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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.
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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.
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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.
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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.
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