Electricity Exports from Azerbaijan Decreased by 55% Due to Reduced Consumption in Neighboring Countries

At a meeting  in Istanbul,  the board of directors of SOCAR Türkiye  discussed the company’s goals and projects for the upcoming year, SOCAR Türkiye reported.

As of January-November 2024, Azerbaijan’s electricity production totaled 23.55 billion kWh, by 2.2% lower than in the same period last year.

Türkiye has received an exemption from the United States for "Gazprombank" in relation to payments for Russian gas, the NTV channel reported citing a statement by Türkiye's Minister of Energy, Alparslan Bayraktar. It is noted that this issue was previously discussed with U.S. Secretary of State Antony Blinken during his visit to Türkiye.

The Hungarian authorities are in contact with Moscow and Kyiv to maintain the possibility of Russian gas transit through Ukrainian territory after 2024, Hungary’s Prime Minister, Viktor Orbán stated.