Turkmenistan is ready to supply gas, but does not want to build a Trans-Caspian gas pipeline
Azerbaijan, Turkey, Turkmenistan and the European Union will establish a working group to address the issue of gas supplies from the Caspian region to Europe, journalists were told by the Minister of Energy Natig Aliyev.
According to him, the agreement was reached at a recent meeting in Turkmenistan with the participation of Vice-President of the European Commission for Energy, Shefkovich with the energy ministers of Azerbaijan, Turkey and Turkmenistan.
According to him, Azerbaijan will be represented in the working group by the Ministry of Energy, SOCAR, Ministry of Foreign Affairs and Ministry of Justice.
During the meeting the Turkmen side emphasized interest in laying Trans-Caspian pipeline and again announced its readiness to supply to Europe 30 billion cubic meters of gas per year. However, Turkmenistan is ready to deliver gas only to the Caspian Sea.
Therefore, it is to be determined who will build and finance the Trans-Caspian gas pipeline. The question on the buyer of Turkmen gas should be resolved, said Aliyev.
The minister also said that the European Union proposes the creation of the Caspian Consortium of European energy companies, which will act as the buyer of gas. -02D-
Economics
-
On December 10, President Ilham Aliyev of Azerbaijan has signed a decree amending the 2014 presidential order on the management of the Shah Deniz Phase 2 gas-condensate field and Southern Gas Corridor (SGC) projects, granting the State Oil Company of Azerbaijan (SOCAR) expanded control to ensure financial consolidation.
-
In the period from January to November 2024, Azerbaijan's exports not related to oil and gas increased by 1.9% compared to the same period in 2023, reaching a total value of $3.1 billion. This growth, noted in the latest "Export Survey" published by the Center for Analysis and Communication of Economic Reforms, reflects the country's diverse and expanding export portfolio.
-
In a significant step towards fostering cashless transactions, Azerbaijan has extended its innovative "Return VAT" program to include real estate purchases. Between January and November 2024, citizens recovered 160.3 million manat through the program, marking a notable milestone in the government’s efforts to promote digital payments and enhance consumer benefits.
-
Entrepreneurs operating in markets across Azerbaijan will be required to register for taxation. Failure to do so will result in a financial penalty of 2,000 manat for each unregistered entrepreneur, imposed on market owners or administrators. This requirement is included in proposed amendments to the Tax Code, set to be discussed in Parliament.
Leave a review