The Trans-Caspian International Transport Route (TITR, or Middle Corridor) is a green route, Kazakh National Economy Minister Alibek Kuantyrov said during the panel session "A New Dawn for Eurasia" at the World Economic Forum in Davos, Trend reports.
Kazakhstan is working to develop its section of the Trans-Caspian International Transport Route (TITR, or Middle Corridor), Trend reports.
According to official figures, 2.5 million tons of goods were transshipped through the seaports of Aktau and Kuryk along the TITR route in 11 months of 2023, a 107 percent increase over the previous year.
In 2023, Kazakh oil was carried along the Middle Corridor for the first time.
According to data on Georgia's natural gas balance, 3.217 billion cubic meters are planned to be imported in 2024, of which 3.017 billion cubic meters will be imported from Azerbaijan.
In 2023, gas supplies from Azerbaijan to Georgia were forecasted at 2.858 billion cubic meters.
For 2024, Georgia's natural gas balance is estimated at 3.231 billion cubic meters, with 99.6 percent of this volume coming from imports.
Armenia uses the Batumi-Novorosiysk sea route to bring cars and medical equipment produced by Western companies to the Russian Federation.
Armenia intensively uses the sea route between the ports of Batumi (Georgia) and Novorossiysk (Russia) to re-export to the Russian Federation goods subject to sanctions. As a result, 600 twenty-foot containers are transported on the Batumi-Novorosiysk sea route every week. All these shipments are carried out by "Armenian Shipping Company".
The creation of a joint venture for the Middle Corridor is being discussed by the railway departments of Azerbaijan, Georgia, Kazakhstan and Türkiye, Trans-Caspian International Transport Route (TITR) Secretary General Gaidar Abdikerimov told Trend.
According to him, work on the creation of a joint venture is in progress, and intensive negotiations are underway between the participating countries of this initiative.
Uzbekistan intends to open its own terminal at the Baku International Sea Trade Port, Deputy Minister of Transport of Uzbekistan Abdusamat Muminov told Trend in an exclusive interview.
“This terminal will function both for sugar transportation to Uzbekistan and for our export supplies. We want to use public-private partnership for this, so that Uzbek entrepreneurs invest in the development of the infrastructure of the port of Alat for further use”, he said.
Bulgaria is interested in the Green Corridor Project, which involves the transportation of green energy from the Caspian Sea (Azerbaijan) through the Black Sea (Georgia) to Europe, the Ministry of Energy of Azerbaijan told Trend.
Implementation of the project covering transfer of green energy from Azerbaijan to Romania and Hungary through Georgia and the Black Sea continues, Azerbaijan’s Energy Minister Parviz Shahbazov said, Trend reports via the ministry.
Shahbazov made the remark within the Berlin Energy Transition Dialogue conference during a roundtable dedicated to perspectives for a future energy partnership.
bp has resumed oil transportation through the Baku-Supsa pipeline, said Gary Jones, bp Regional President to Azerbaijan, Georgia, and Türkiye during a briefing dedicated to bp's plans for the future, Trend reports.
According to him, two tankers with oil have already been delivered to the Georgian Supsa port.
"Depending on weather conditions, oil via Baku-Supsa will be transported to world markets," he added.
Azerbaijan will become an important green energy and hydrogen supplier to Europe in the near future, said Azerbaijan’s energy minister Parviz Shahbazov, Trend reports.
He was addressing the ministerial meeting of the Southern Gas Corridor Advisory Council held in Baku Feb.3.
Parviz Shahbazov said that the Green Energy Advisory Council, along with the Southern Gas Corridor Advisory Council, proves that along with natural gas, green energy is a priority for Azerbaijan.
