Azerbaijani gas has reached Italy through the Trans Adriatic Gas Pipeline (TAP), Turkish Foreign Ministry said on Friday, according to Anadolu Agency. “Southern Gas Corridor has become operational,” the ministry said on Twitter. “A new chapter has been opened in Turkey’s contribution to energy supply security of the rest of …
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Falling Oil Prices and Its Implications for Azerbaijan’s Gas Policy
On February 23, Azerbaijan’s parliament adopted amendments to the state budget to adjust down expected budget revenues based on oil price estimates of as low as $25 per barrel (Azernews.az, February 23). Initially, the State Budget for 2016 projected oil at $50–55/barrel (Trend, September 14, 2015). On January 10, …
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