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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Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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