New large-tonnage Azerbaijani tanker begins operations beyond the Caspian sea
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- Energy
- 26 August 2024 07:43
Energy
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COP is one of the key platforms for addressing climate change issues, said Yalchin Rafiev, Azerbaijan’s Deputy Foreign Minister and Chief Negotiator for COP29, during a panel discussion at the media workshop "29 Dialogues on Climate: Road to COP29" on Saturday.
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In the first half of this year, 5.17 bcm of gas were transported from Azerbaijan to Italy via the Trans-Adriatic Pipeline (TAP). According to the Italian Ministry of Environment and Energy Security, 4.901 bcm were delivered to Italy in the same period last year.
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Azerbaijan's revenue from operating major gas pipelines, including the South Caucasus Pipeline (which exports gas from the “Shah Deniz” field), amounted to 1.359 billion AZN ($799.9 million at the current exchange rate) in the first half of 2024. According to a report from the State Statistics Committee of Azerbaijan, this income increased by 7.8% compared to January-June 2023.
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From January to July, Uzbekistan imported gas worth $983.7 million, according to a report on foreign trade by the Statistics Agency under the President. This is a 4.9-fold increase in value compared to the first seven months of 2023, when imports amounted to $201 million. This figure also exceeds the total gas imports for the entire year of 2023, which was $694.9 million. The Statistics Agency did not disclose the physical volumes of the imports.
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