Azerbaijani President approves new law on Energy
Azerbaijani President Ilham Aliyev approved a new law "On Energy"; it comes into force from the date of publication. According to the law, it establishes the general legal, economic and managerial foundations for activities in the field of energy, ensuring energy security, creating a healthy competitive environment that supports sustainable economic development, providing consumers with reliable, high-quality energy, and defines mechanisms for providing affordable and safe energy. In general, the law consists of 6 sections and 28 Articles.
According to the law, a free consumer (whose annual electricity consumption rate is determined by the relevant government agency) has the right to independently choose an electricity supplier. But this opportunity will appear from July 1, 2025. In addition, some Articles of the law, including those relating to the content of information provided by the energy supplier to its consumer, which are determined by the regulatory authority, will enter into force on July 1, 2028. With the entry into force of this law, the law "On Energy", adopted in 1998, becomes invalid. –0--
Energy
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Kyiv is not negotiating with anyone about extending the transit of Russian gas to Europe after 2024, when the contract with Gazprom expires, by the Ukrainian Ministry of Energy stated at the end of last week. The ministry emphasized that it had not discussed this issue with Italy, Slovakia, or Austria. Moreover, the issue of re-exporting Russian gas has not been discussed with Azerbaijan either.
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The State Oil Company of Azerbaijan (SOCAR), together with the company M-Gaz, began supplying natural gas to social consumers in the Ruse region of Bulgaria on November 16.
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Azerbaijan attaches great importance on cooperation with Central Asian countries in the implementation of regional projects in the field of renewable energy, Azerbaijan's Minister of Energy Parviz Shahbazov stated on November 15 at the COP29 investment forum on energy transition issues for Central Asia.
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Consumers in Azerbaijan spent 2 billion 780.2 million manats ($1.63 million) on purchasing automotive gasoline and diesel fuel in the first ten months of this year. According to the State Statistics Committee of Azerbaijan, this expenditure has increased by 6.5% compared to the same period last year.
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