Until the end of 2013 Gasprom intends to sign a contract to deliver gas to China, confirmed Gasprom President Aleksei Miller.
“This is our goal,” he told journalists and when asked if Gasprom is more confident after the talks in Peking, he said we have a formula and we have made a decision.
It was earlier reported that until end of 2013 Gasprom and Chinese National Petroleum Corporation (CNPC) plan to sign the contract to deliver gas via the eastern route. Russian Energy Minister Alexander Novak said that Gasprom and CNPC have already agreed on the formula of the price and they have been discussing conditions of technical deliveries. Russian Energy Minister hopes that if the contract is signed this year, the deliveries could start in 2018-2020 reaching a maximum volume of 38 billion cub.m. of gas a year.—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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