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Georgia No Longer Going to Buy Russian Gas This Year
Baku/12.04.17/ Turan: Georgia will refuse to purchase natural gas from the Russian concern Gazprom, the Business Georgia portal reports with reference to the statement of the country's Energy Minister Kakha Kaladze.
According to him, by the end of the year no deal will be concluded to acquire Russian gas.
“In April, Georgia will completely switch to supplying the population and enterprises with gas from Azerbaijan. The suppliers of blue fuel to Georgia are the State Oil Company of Azerbaijan (SOCAR) and the Consortium, which is developing the Shah Deniz gas condensate field.
According to the Ministry of Energy, in 2017 Georgia plans to import from Azerbaijan 2,347 mcm of natural gas. “Thus, the share of Russian gas in the total volume of imports will not be more than 4 percent,” the report said.
It should be noted that, as Deputy Energy Minister Mariam Valishvili said earlier, in January-February Georgia imported 100 mcm of commercial gas from Russia. Seventy mcm of this was imported in February. Georgia bought gas from Gazprom at a price of $ 185 per 1,000 cubic meters. -0-
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- Markets Review
- 12 April 2017 11:59
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- Finance
- 12 April 2017 12:20
Energy
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From January to May 2024, Azerbaijan imported 616.2 thousand tons of oil Russia, a third more compared to last year, Interfax reports. In monetary terms, the cost of imported Russian oil has also risen by almost a third — to $339 million. In total, Azerbaijan purchased 742.3 thousand tons of black gold in the first five months of this year (+18% compared to January-May 2023) for $416 million. Thus, Russia's share in Azerbaijani crude oil imports amounted to 83%.
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1.11 billion barrels of oil were produced from the “Central Azeri” platform, commissioned in February 2005, as part of the full-scale development of the Azeri-Chirag-Guneshli (ACG) field, by July 1, 2024, the State Oil Company of Azerbaijan (SOCAR), which has a 25 percent share in the ACG project.
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Yesterday, Azerbaijani Economy Minister Mikail Jabbarov held a meeting with Ahmed Moalim Figi, Somali Minister of Foreign Affairs and International Cooperation. They discussed issues related to bilateral economic relations between the countries and potential partnership opportunities in the energy sector. The parties stressed the expediency of establishing mutually beneficial economic ties between the two countries, expanding the contractual and legal framework in order to support the development of relations, as well as exchange of experience in areas of mutual interest.
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Azerbaijani gas supplies to Serbia may be increased in the foreseeable future, the parties are currently discussing this issue, the Minister of Labor and Social Protection of the Population of Azerbaijan Sahil Babayev told journalists.
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