[ad_1] Deputy Prime Minister of Turkmenistan Shahym Abdrahmanov announced the production indicators for the first seven months of 2021 during a meeting of the Cabinet of Ministers, Report informs. From January through July 2021, the Turkmen fuel and energy complex achieved the highest growth rate in gas exports – a 137-percent increase, compared to the… Continue reading Production, export of natural gas grows in Turkmenistan
Tag: natural
Azerbaijan increases natural gas export by 57%
[ad_1] In January-June of this year, according to the customs declarations, Azerbaijan exported 10.379 bn cubic meters of natural gas, Report informs, citing the statistics of the State Customs Committee. According to the information, in the past six months, the value of these export volumes made $1.586 bn. In January-June of this year, the volume… Continue reading Azerbaijan increases natural gas export by 57%
TAP expected to export more than 5 bcm of natural gas this year
[ad_1] Approximately 3 bcm of natural gas has been exported via TAP in the first half of 2021, and flows are set to exceed 5 bcm in 2021 as a whole, Report informs, referring to the International Energy Agency (IEA). According to the IEA, Europe’s net pipeline imports declined by over 10% in 2020, owing… Continue reading TAP expected to export more than 5 bcm of natural gas this year
IEA: Global demand for natural gas to grow by 3.6%
[ad_1] The International Energy Agency (IEA) predicts a 3.6% growth in global demand for natural gas this year, Report informs via foreign media. Besides, the agency expects the demand to rise by 1.7% in 2022-2024. The IEA believes that while the Paris Agreement, signed by more than 190 countries to limit temperature increases to 1.5… Continue reading IEA: Global demand for natural gas to grow by 3.6%
Tariff Council makes decision on natural gas prices
[ad_1] Tariff (Price) Council held a meeting today, Report informs. The meeting considered the appeal of the State Oil Company of Azerbaijan (SOCAR) appeal and made a relevant decision. By the unanimous decision of the council members, the tariff for up to 1200 m3 (including 1200 m3) of the annual consumption of natural gas for… Continue reading Tariff Council makes decision on natural gas prices
IMF: SGC pipeline to boost exports of natural gas, mitigating decline in oil production
[ad_1] Risks to the outlook of the Azerbaijani economy are broadly balanced, although uncertainty about the future of the pandemic remains high, Report informs referring to a report by the International Monetary Fund (IMF) following consultations with the Azerbaijani government under Article IV of the IMF’s Articles of Agreement. “Vaccination is expected to help defeat… Continue reading IMF: SGC pipeline to boost exports of natural gas, mitigating decline in oil production