KASPIAN SEA

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.

The UK is ready to assist Azerbaijan in the development of offshore wind industry in the Caspian, Fergus Auld, UK Ambassador to Azerbaijan, told Trend.

Baku - Supsa oil pipeline can resume transportation at any time.

This was stated by the vice president of "bp" for communications and external relations in the Caspian and Middle Eastern region - Bakhtiyar Aslanbeyli.

A regular meeting of the Azerbaijan-Turkmenistan Working Group on the division of the Caspian seabed took place in Turkmenistan's Ashgabat on January 24-25, the Azerbaijani Foreign Ministry told Trend.

Amid global economic instability, Azerbaijan’s mitigating role in energy crisis is rapidly increasing. With Azerbaijan and the EU agreeing on doubling the supplies of Azerbaijani gas by 2027, the country’s gas exports to Europe are expected to be 20 bcm, while this year at least 11.6 bcm is planned to be supplied. Moreover, Azerbaijan’s total gas exports this year are expected at 24 bcm.

Around 4.875 million megawatt hours were transported through the Greece-Bulgaria gas pipeline (IGB) for the period October 1 - December 31, 2022, the ICGB, the pipeline operator, told Trend.

“In December, just months after the pipeline entered commercial operation, IGB’s capacity reached over 94 percent booking rate. By the end of 2022, there are 11 registered users of the interconnector,” said the company.

The Trans-Adriatic Pipeline (TAP) has saved Italy from deindustrialization, Matteo Villa, Head of the Institute for International Political Studies (ISPI) DataLab, said, Trend reports.

"For Italy, 2022 was an important year in terms of diversification. We have the TAP, which, in 2021, saved us all. We have worked as much as possible to keep close to suppliers such as Algeria, and Azerbaijan as well as diversifying," he said.

Prof. Teodor Detchev, Higher School of Security and Economics, head of "Blacksea Caspia" in "The World is Business", 04.01.2023

Today, December 14, 2022, the highest-level meeting "Azerbaijan - Turkey - Turkmenistan" will take place in the Turkmen city of Avaza. Within the framework of the meeting at the highest level, it is planned to discuss the steps to further deepen the cooperation between the three countries in the spheres of trade, energy and transport.

The memorandum of understanding signed between the EU and Azerbaijan on July 18 is a victory for both sides, and especially for Azerbaijan in terms of being treated as the EU's strategic partner, the former US ambassador to Azerbaijan, Matthew Bryza told Trend.