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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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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