Connect with us

"Report" studio

US ambassador: “TAP partners should be proud of what they have achieved”

Avatar

Published

on

After the Trans-Adriatic Pipeline (TAP) was commissioned, the first new large energy infrastructure completed in Europe specifically to bring non-Russian gas to market, Geoffrey R. Pyatt, the US Ambassador to the Hellenic Republic, said at a meeting as part of the Fifth Energy Forum for Southeast Europe held in Thessaloniki.

According to him, TAP just seemed like a figment of the imagination: “I think everybody should be enormously proud of what the TAP partners, including Albania, Greece, Italy, have accomplished, but what that represents, as the first new large energy infrastructure completed in Europe specifically to bring non-Russian gas to market. That is now happening.”

TAP transports natural gas from the giant Shah Deniz field in the Azerbaijan sector of the Caspian Sea to Europe. The 878 km long pipeline connects with the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border in Kipoi, crosses Greece and Albania and the Adriatic Sea before coming ashore in Southern Italy.

TAP will facilitate gas supplies to South Eastern European countries through prospective interconnectors. In particular, Bulgaria will be able to cover up to 33% of its total gas demand through TAP after the completion of the Interconnector Greece Bulgaria (IGB). TAP’s exits in Greece and Albania together with the landfall in Italy provide multiple opportunities for further transport of gas from Azerbaijan to the wider European markets.

As a key part of the Southern Gas Corridor, TAP is strategically and economically important to Europe and essential in providing reliable access to a new source of natural gas. TAP plays a significant role in boosting Europe’s energy security, supply diversification, as well as decarbonization objectives.

Subscribe to our Twitter page

Continue Reading

"Report" studio

Former head of Iranian Central Bank sentenced to 10 years on corruption charges

Avatar

Published

on

A former governor of Iran’s Central Bank, Valiollah Seif, was sentenced on Saturday to 10 years in prison on corruption charges involving the mismanagement of millions of dollars, the judiciary said.

Report informs, citing Reuters, that Seif and two of his deputies, who also received jail terms, were found guilty of "disturbing the foreign exchange market, the country's economic climate and mismanagement,” a judiciary spokesman was quoted as saying by state media.

State TV said Seif and one of his deputies, Ahmad Araghchi, who was sentenced to eight years in jail, had "provided illegal conditions for the mismanagement of about $160 million and 20 million euros."

Another deputy, Salar Aghakhani, was sentenced to 13 years.

Seif led the central bank from 2013 to 2018 under former President Hassan Rouahni's administration. He was replaced by Abdolnasser Hemmati.

Subscribe to our Twitter page

Continue Reading

"Report" studio

How did natural gas tariffs change in Azerbaijan?

Avatar

Published

on

At today's meeting, the Tariff Council adopted relevant decisions on the regulation of wholesale and retail tariffs for natural gas.

Report informs that, according to the decision, in the population category, tariffs increased by AZN 0.02 for annual consumption of up to 1,200 cubic meters (1,200 cubic meters included) and AZN 0.12 for one cubic meter.

Tariffs for the population within the consumption limits of 1,200 to 2,500 cubic meters and over 2,500 cubic meters remained unchanged at AZN 0.20 and AZN 0.25, respectively. Gas tariffs for industry and agriculture in the non-population category are increased from AZN 0.20 to AZN 0.22.

The tariff for gas sold by Azeristiliktejizat OJSC to yard boiler houses and CNG filling stations increases from AZN 0.13 to 0.171. Tariffs for gas supplied to other consumers remain at the same level of AZN 0.25 per 1,000 cubic meters and for gas used as crude in the production of methanol and urea products at AZN 0.20.

The tariff for gas sold by Azerkontrakt OJSC to Azerenerji OJSC for energy generation is increased from AZN 0.13 to AZN 0.171. The tariff for gas purchased from the Azneft PA increases from AZN 0.75 to AZN 0.9.

Moreover, the tariff for gas sold by Azerkontrakt OJSC to Azneft PU and Nakhchivangaz PU increases from AZN 0.11 to AZN 0.118.

The manufacturer buys natural gas at a negotiated price for the production of electricity supplied to data centers that carry out activities for processing, recording, and transmitting data, which receive power directly through the 35 and 110 kV lines, where the daily demand for loads is stable, and the average monthly energy consumption for production targets is at least 5 million kWh.

Subscribe to our Facebook page

Continue Reading

"Report" studio

NATO Special Rep for Caucasus and Central Asia to visit Baku

Avatar

Published

on

NATO Special Representative for the Caucasus and Central Asia Javier Colomina will arrive in Azerbaijan next week, Report informs, citing Colomina's Twitter page.

"Looking forward to my first trip to the Caucasus next week. I will be visiting Azerbaijan, Georgia, and Armenia in my new capacity as NATO Special Rep for the Caucasus and Central Asia in order to identify ways to further enhance NATO’s engagement in the Caucasus," he tweeted.

Looking forward to my first trip to the #Caucasus next week. I will be visiting #Azerbaijan , #Georgia , and #Armenia in my new capacity as #NATO Special Rep for the Caucasus and Central Asia in order to identify ways to further enhance NATO’s engagement in the Caucasus.

— Javier Colomina (@JavierColominaP) October 16, 2021

Subscribe to our Twitter page

Continue Reading

Facebook

Trending