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.
Vice Minister of Transport of Kazakhstan Satzhan Ablaliyev and Secretary General of the Permanent Secretariat of the Intergovernmental Commission TRACECA Aset Asavbayev have discussed the development of ferry services on the Caspian and Black Seas, Trend reports.
The parties also exchanged views on transportation issues in the field of road transport, including the problem of traffic congestion at the Sarpi and Red Bridge (Georgia) checkpoints.
The Trans Adriatic Pipeline (TAP) consortium will test its asset materials for hydrogen supplies this month, TAP AG told Trend.
The volume of transportation of Kazakh oil for export from the port of Aktau amounted to 3.376 million tons from January through 2023, which is 1.108 million tons more than the same period in 2022, stated KazTransOil JSC - the oil pipeline company of the Republic of Kazakhstan that provides services for transporting oil to the domestic market, for transit purposes, and for export.
Two minehunters from Standing NATO Mine Countermeasures Group Two (SNMCMG2) worked closely with the Italian Navy and local authorities to monitor the Trans Adriatic Pipeline (TAP) on the seabed of the Adriatic Sea, 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.
The Trans Adriatic Pipeline (TAP) consortium is consulting with Greek gas transmission operators on a technical agreement that covers the possibility of delivering gas to eurozone buyers from the new floating liquefied natural gas terminal (FSRU) in Alexandroupolis to their markets via TAP.
A source knowledgeable in this matter exclusively told Trend about this.
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.
Azerbaijan and Turkmenistan are negotiating to continue swap gas supplies, the National Iranian Gas Company (NIGC) reported.
According to NIGC, gas supplies from Turkmenistan to Azerbaijan via Iran have been temporarily suspended.
“Baku and Ashgabat are negotiating on this issue,” Iranian media write, referring to NIGC, noting that swap supplies will be resumed after an agreement is reached between the two countries.
Azerbaijan is heading into 2024 with a solid boost in investments, holding the seventh spot on the list of prime destinations for foreign direct investment (FDI) in the coming year, Trend reports.
According to the annual FDI Standouts Watchlist research, Azerbaijan's consistent macroeconomic indicators played a critical role in making the country one of the top alternatives for FDI on a worldwide scale.
