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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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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