Fitch Ratings has upgraded Azerbaijan's State Oil Company (SOCAR) Long-Term Issuer Default Rating (IDR) and senior unsecured rating to 'BBB-' from 'BB+'. The Outlook on the Long-Term IDR is Stable, the Fitch Ratings press …
Italy has witnessed a notable rise in natural gas imports from Azerbaijan, with figures indicating a 10.5% increase year-on-year, Eurostat, the European Union's statistical office said. …
The President of the Republic of Azerbaijan noted that the demand for the country's energy resources would increase in European countries. Currently, eight European countries receive gas from Azerbaijan.
Today, the tenth meeting of the Council on the Southern Gas Corridor is being held in Azerbaijan. Ilham Aliyev spoke at the event.
Azerbaijan is a true friend of Serbia, President of Serbia Aleksandar Vučić said after the inauguration ceremony of the Serbia-Bulgaria gas interconnector. "Azerbaijan is a true friend of Serbia. We will continue …
Ilham Aliyev took part in the launch of the Serbia-Bulgaria interconnector. Through the interconnector these countries will be able to receive Azerbaijan's gas.
Germany has put forth a proposal to enhance the Southern Gas Corridor by extending a new gas pipeline through the Alps, German Chancellor Olaf Scholz said during a joint press conference with Italian Prime Minister Giorgia Meloni. …
Azerbaijan is increasing gas exports. Gas goes to Türkiye, and from there it is partially exported to Europe. The TANAP and TAP gas pipelines can be expanded for the exports development.
Azerbaijan plans to export 24.5 billion cubic meters of gas in 2023, Azerbaijani Energy Minister Parviz Shahbazov said during the third meeting of the ministers of the Organization of Turkic States (OTS). According to the minister, …
Gas exports to European countries will be doubled by 2027, President of Azerbaijan Ilham Aliyev said at the 9th Southern Gas Corridor Advisory Council Ministerial Meeting and the 1st Ministerial Meeting of the first Green Energy Advisory Council …
It will be possible to redirect gas volumes ordinarily delivered by Nord Stream via a hub in Turkey if the necessary infrastructure is created, Gazprom CEO Alexei Miller has indicated. "You know, nothing's impossible," …
Together with Azerbaijan, work has begun to increase the throughput capacity of TANAP to 32 billion cubic meters, Turkish President Recep Tayyip Erdogan said in his statement after the meeting of the Cabinet of Ministers. "Together …
President of Azerbaijan Ilham Aliyev and Prime Minister of Albania Edi Rama, who is on an official visit to the country, have held a one-on-one meeting yesterday. Ilham Aliyev said that importance of the Southern Gas Corridor and Trans …
Azerbaijan’s role as an energy producing and exporting country has long been associated with hydrocarbons. Since 1994 and the signing of the “Contract of Century,” the country has embarked with its international partners on …
Southern Gas Corridor, which crosses six countries, stretches over 3500 km and costs 45$ billion, aims to increase and diversify European energy supply by bringing Azerbaijani gas to markets in Europe
Following the liberation of Azerbaijan’s occupied Nagorno-Karabakh region, Baku is now looking to ensure the uninterrupted supply of natural gas to Nakhchivan with a project to be carried out in cooperation with Turkey that foresees the pipeline being laid this year
Europe is sounding the alarm as the continent continues to grapple with its energy crisis, with gas extending record highs, in line with rallying energy markets. European electricity and gas prices have rocketed this year as tight …
The natural gas supplies through the Southern Gas Corridor pipeline would support European energy security for decades to come
TCP is intended to transport Central Asia’s vast natural gas resources to European energy markets via the Southern Gas Corridor
Nowadays, natural gas has become one of the important factors that lead to economic and social growth. Diversification of natural gas supplies and routes, securing access to energy-rich regions, and guaranteeing reliable gas exports to energy …
