Energy - 2024
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The volume of gas in European underground storage facilities (UGS) has exceeded 91.5% of capacity but lags behind the record levels of 2023, when UGS facilities were filled to just over 92%. As of Aug...
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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 w...
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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...
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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 cur...
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The tanker "Khankendi," of the "Aframax" type and under the Azerbaijani flag, has started operations (this is the fourth such tanker in Azerbaijan), the press service of the Azerbaijan Caspian Shippin...
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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...
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The Asian Development Bank (ADB) has proposed a new project for the Samarkand Solar Photovoltaic and Battery Energy Storage System (BESS) to advance Uzbekistan’s renewable energy sector. According to...
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China has surpassed its 2030 clean energy target of generating 1,200 GW by bringing new wind and solar power facilities online, according to Bloomberg, citing data from the National Energy Administrat...
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U.S. bank Morgan Stanley has lowered its forecast for Brent crude prices in the fourth quarter of 2024 to $80 per barrel from $85, reports MarketWatch. The bank previously expected Brent to trade betw...
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In July, Germany's Bayerische Motoren Werke AG (BMW) overtook Tesla Inc. in electric vehicle (EV) sales in Europe, becoming the market leader. According to Jato Dynamics, BMW's sales of fully electric...
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Yesterday, during the Uzbek-Azerbaijani business forum organized as part of the state visit of the President of the Republic of Azerbaijan to Uzbekistan (August 22-23), an “Agreement on the Basic Prin...
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Uzbekistan and SOCAR have begun geological exploration work on the “Ustyurt” Plateau in Uzbekistan, Laziz Kudratov, Uzbekistan’s Minister of Investments, Industry, and Trade said during the Uzbek-Az...
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On August 21, SOCAR Vice President Babek Huseynov met with a Vietnamese delegation, SOCAR’s press service reported. "A meeting was held with Pham Xuan Son, General Director of the Vietnamese company...
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Azerbaijan's revenues from the operation of main oil pipelines, including the Baku-Tbilisi-Ceyhan pipeline, amounted to 538 million 277.6 thousand manats ($316.6 million) in the first half of 2024. Ac...
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Today, gas supply will be temporarily suspended in some areas of Baku and the Absheron region. According to the press service of "Azerigaz" (the gas distribution structure of the State Oil Company of...
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The State Energy Service of Nakhchivan and the Turkish state electricity distribution system operator (TEİAŞ) will sign an agreement on electricity exchange. According to the State Energy Service, the...















