Minister: Azerbaijan ready to export energy resources to Turkey at affordable prices

Minister: Azerbaijan ready to export energy resources to Turkey at affordable prices

Baku, Azerbaijan, Feb. 8

By Rufiz Hafizoglu - Trend:

Azerbaijan is ready to supply Turkey with energy resources at affordable prices, Azerbaijani Energy Minister Natig Aliyev said, Turkish online newspaper Malatya Guncel reported on Feb. 8.

The minister said Azerbaijan and Turkey are bound by major economic projects that will be implemented in the future.

He also added that, at present Azerbaijan possesses gas reserves of about three trillion cubic meters.

"Azerbaijan develops and strengthens its economy and the country's products are expected to go to the European markets," Aliyev said.

Under the contract Azerbaijan will annually export 6.6 billion cubic meters of gas to Turkey, the minister added.

In 2013, the Turkish state pipeline company Botas imported 38.42 billion cubic meters of gas from various sources, as compared to 43.09 billion cubic meters in 2012.

Gas prices are not officially disclosed, but according to Turkish media, Turkey buys Iranian gas at $490 per thousand cubic meters. Turkey pays $335 for one thousand cubic meters of Azerbaijani gas, which is supplied via the South Caucasus Pipeline (Baku-Tbilisi-Erzurum pipeline).

The country pays $425 for one thousand cubic meters of the Russian gas. Over 37.96 billion cubic meters of gas was sold in Turkey's domestic market in 2013 as compared to 41.44 billion cubic meters in 2012.

Translated by E.A.

UAE, Afghanistan buy Turkmen-made gasoline
UAE, Afghanistan buy Turkmen-made gasoline
Representatives of Kyrgyzstan take part in XVIII meeting of CSTO ICMEC
Representatives of Kyrgyzstan take part in XVIII meeting of CSTO ICMEC
Group of German medical experts arrives in Kyrgyzstan to fight COVID-19
Group of German medical experts arrives in Kyrgyzstan to fight COVID-19
Loading Bars
Latest
Kazakhstan eyes launching production of plastic tractor spares
Iran unveils details of exports from Mazandaran Province
Azerbaijani MP talks creation of municipalities in territories liberated from occupation
Long-term loans for construction sector in Azerbaijan increase
Hungarian-Uzbek investment projects to be implemented in food, agricultural sectors
Operating profit to regulatory risk-weighted asset of Halyk Bank Georgia down
Update on construction of Tebinbulak mining, metallurgical complex in Uzbekistan
Israel increases imports of chemical products from Turkey
Romania ramps up ten-month value of chemical products import from Turkey
Iran declares details of exports via South Khorasan Province
Central Bank of Azerbaijan reveals last deposit auction's results
Kazakhstan, Israel trade down nearly twofold amid COVID-19
Baku Higher Oil School celebrates its 9th anniversary
Turkmenistan’s Turkmengas increases gasoline production
10M2020 value of Georgia's grains, legumes import from Turkey down
Capital of Iran's Nouri Petrochemical Company increased
Germany partial lockdown pushes more companies into short-time work
Turkey reveals October foreign trade turnover
Azerbaijan commissions Aghyokhush gold field (PHOTO)
Credit Suisse commercial property fund to liquidate amid big discount
Azerbaijan, Turkey plan MoU on natural gas transportation to Nakhchivan Autonomous Republic
Kazakhstan applies corrections to capital budget
Azerbaijan to ink energy cooperation agreements with a number of countries in near future
Weekly review of Azerbaijan's oil market
Iran reveals data on foreign investments in Razavi Khorasan Province
One of upcoming OPEC+ meetings planned to be held in Azerbaijan
Kazakhstan’s freight transportation operator opens tender to buy petrol
Turkmenistan's private sector increasingly involved in raw cotton production
Azerbaijan worked out draft agreements on sale and purchase of electricity with Acwa Power, Masdar
China grants Tesla green light to start selling Shanghai-made Model Y SUV
Georgian Tera Bank sees decrease in impaired loans - Fitch Ratings
Azerbaijan’s electricity generation increased by almost 40% over last 10 years
Southern Gas Corridor to open new opportunities for region’s countries to bring their energy resources to world markets
Commissioning works being completed at Turkmenistan’s Malay field
Construction at Khudaferin and Giz Galasi hydro-junctions nearing completion
'Stars' assigned to Azerbaijani hotels to be recognized on int'l platforms - Azerbaijan Hotel Association
Gold, silver prices in Azerbaijan down
Iran’s NICICO enlarges copper production
Ukraine working on ensuring food security and stability in Uzbek market
Turkish company to take part in ASAN Service projects
Leading the Way, Leading the World : Prime Minister Modi Inspires India to Become Pharmacy of the World
Uzbekistan boosts import of grain and legumes from Turkey
Britain bans new Huawei 5G kit installation from September 2021
Azerbaijan hikes percentage of cars import from Turkey in October
Iran's Karun Petrochemical Company discloses amount of its savings
Energy Minister: One of key goals is to ensure effective use of resources in Azerbaijan's liberated lands (INTERVIEW)
Azerbaijani currency rates for Nov. 30
Number of patients recovered from COVID-19 in Uzbekistan passes 70,000
UAE, Afghanistan buy Turkmen-made gasoline
Design work to build new highway in liberated Azerbaijani territories starts (Exclusive)
Iranian currency rates for November 30
Oil prices slip in cautious trade ahead of OPEC+ meet
Azerbaijan's ANAMA continues demining road to liberated Sugovushan settlement (PHOTOS)
Iran boosts exports via Kerman Province
Iran to prepare agricultural plan for Gilan and Mazandaran provinces
Azerbaijan’s liberation of its territories to revive historical Silk Road – Turkish Grand National Assembly
Azerbaijan’s Aghdam sometimes called "Hiroshima of Caucasus" - France-24 (VIDEO)
Brazil surpasses 6.3 million COVID-19 cases
Malaria death toll to exceed COVID-19's in sub-Saharan Africa: WHO
New Zealand regulator charges 13 parties over White Island eruption tragedy
Daily COVID-19 case count drops to 794 in Kazakhstan
Solar panel power plant launched in Iran's Fars Province
Hamilton wins F1 Bahrain Grand Prix as Grosjean escapes horror crash
Biden to receive first presidential intelligence briefing on Monday
Jennifer Psaki to be Joe Biden’s White House press secretary
Expenses on construction of enterprises in Iran’s Tehran Province drops
Trump senior aide Kushner and team heading to Saudi Arabia, Qatar
France's new COVID-19 cases, hospitalizations continue to fall
Israeli cabinet approves aviation, science cooperation deals with UAE
Africa's confirmed COVID-19 cases pass 2.15 mln mark: Africa CDC
74 more coronavirus patients die in Moscow in past day
Israel launches national plan to strengthen industry amid COVID-19
OPEC+ monitoring committee meeting yields no consensus
Weekly review of Azerbaijan's transport sector
Several Turkish provinces revert preschools to remote teaching over pandemic
UK records another 12,155 coronavirus cases with 215 deaths
Certain investments to be made into industrial parks of Iran’s Qazvin Province
Azerbaijani ministries, AzerGold company hold landscaping campaign on Chovdar field
Rocket hits small oil refinery in Iraq's north, forcing shutdown: officials
Jeyhun Bayramov expresses condolences to his Iranian counterpart
Number of COVID-2019 cases across globe up by over 564,000 in past day
Employment in Iran's Bushehr Province enlarges
Average yield of tobacco in Azerbaijan in 2020 exceeds last year volume
Iranian Energy Exchange announces products to be on sale November 30
Weekly review of events in financial market of Azerbaijan
Norway calls on all political parties to enable new, more diverse parliament in Georgia
Turkey condemns killing of key Iranian nuclear scientist as act of 'terrorism'
Argentine prosecutors investigate death of soccer star Maradona
Performances results of Azerbaijani gymnasts at European Championships in rhythmic gymnastics unveiled
Iran reveals details of exports through Bandar Lengeh County
Projects within Industrialization Map framework being implemented in Kazakhstan's Akmola
Overview of events in agricultural sector of Azerbaijan for last week of November
Activities on provision of Russian peacekeeping contingent held (PHOTO/VIDEO)
Iran boosts manufacturing of passenger cars
UAE cabinet approves new cybersecurity body, climate change envoy
Geostat reveals volume of ferroalloys exported by Georgia to Turkey
Bahar Azadi gold coin price still falling in Iran
Kazakhstan continues introduction of mobile diagnostic tools in railway sector
Azerbaijan, Uzbekistan discuss possibilities of attracting investors to Azerbaijani territories liberated from occupation
Britain expects 'very significant' week for Brexit talks as clock ticks down
All news