Oil Fund to Soon Receive First Tranche of Bonus within Framework of ACG-2 Contract

The scheduled infrastructure work for the Trans Adriatic Pipeline (TAP) on September 19 will not lead to a reduction in gas supplies through this pipeline. According to TAP AG, the infrastructure work will take place from September 19 to September 30 at the Kipoi interconnection point (IP) on the Greece-Türkiye border, where TAP connects with the Trans Anatolian Pipeline (TANAP).

The US Energy Information Administration (EIA) has lowered its forecast for oil production in Azerbaijan for 2024 by 10,000 barrels per day, the September issue of the Short-Term Energy Outlook by the EIA.

The Azerbaijani Ministry of Energy and the European Bank for Reconstruction and Development (EBRD) have discussed projects for green energy corridors "Caspian-Black Sea-Europe" and "Azerbaijan-Central Asia-Europe".

Russia's electricity exports have decreased by 35% since the beginning of 2024 compared to the same period last year, reported Interfax, citing Alexander Panina, a board member of Inter RAO.