Maryana Ahmadova

Azerbaijan

Head of English Department at TREND News Agency

Head of English dept at @trend_en Covering economic news from #SouthCaucasus, #CentralAsia.

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Articles

TotalEnergies begins production at U.S. offshore Ballymore field

3 days ago | en.trend.az | Maryana Ahmadova

BAKU, Azerbaijan, April 21. TotalEnergies hascommenced production at the Ballymore deepwater oil and gas fieldin the U.S. Gulf of Mexico, Trend reports. The company holds a 40% interest in the project, which isoperated by Chevron with a 60% stake. Located approximately 120 kilometers off the coast of Louisiana,the Ballymore field was launched in May 2022. It is tied back toChevron’s Blind Faith floating production unit.
Germany turns to Azerbaijan for transit solutions - President Steinmeier points to Middle Corridor's strategic value

3 days ago | en.trend.az | Maryana Ahmadova

BAKU, Azerbaijan, April 21. As globalgeopolitics continues to shift, the need for secure and reliabletrade routes between Europe and Asia has never been greater. Ongoing conflicts, especially in Eastern Europe and the MiddleEast, have disrupted traditional transport corridors and forcedcountries to rethink their logistics strategies.
Pakistani PM welcomes restart of Lahore-Baku flight

3 days ago | en.trend.az | Maryana Ahmadova

BAKU, Azerbaijan, April 21. Pakistani PrimeMinister Shehbaz Sharif has welcomed the resumption of directflights between Lahore and Baku, Trend reports. "I warmly welcome the resumption of PIA’s direct flights betweenLahore and Baku after a hiatus of two years - a significantmilestone for tourism and regional connectivity between ourbrotherly countries.
Snam updates sustainable financing framework

1 week ago | en.trend.az | Maryana Ahmadova

BAKU, Azerbaijan, April 16. Snam has releasedan updated Sustainable Financing Framework, introducing a dualstructure to support its goal of sourcing 90% of its financing fromsustainable instruments by 2029, Trend reports. The framework now consists of two components: Green Financingand Sustainability-Linked Financing. Each component reflectsdifferent approaches to sustainable finance, aligned withinternational best practices.
EBRD posts €1.7B profit in 2024

1 week ago | en.trend.az | Maryana Ahmadova

BAKU, Azerbaijan, April 16. The European Bankfor Reconstruction and Development (EBRD) recorded a net profit of1.7 billion euros in 2024, according to its recently auditedfinancial results, Trend reports. This compares with 2.1 billion euros in 2023, with the slightdecline attributed to higher funding costs due to elevated interestrates and balance sheet expansion. Income from the bank’s loan investments remained stable,totaling 2.5 billion euros and accounting for 46% of total revenue.
EU approves €400M Spanish aid scheme for renewable hydrogen

1 week ago | en.trend.az | Maryana Ahmadova

BAKU, Azerbaijan, April 16. The EuropeanCommission has approved a 400 million euro Spanish State aid schemedesigned to support the production of renewable hydrogen, in linewith EU State aid rules, Trend reports. The scheme will contribute to the EU’s Clean Industrial Deal,REPowerEU Plan, and Hydrogen Strategy by acceleratingdecarbonization and reducing dependence on Russian fossilfuels.
From Baku to Berlin’s wind farms - Azerbaijani engineer on driving green transition

1 week ago | en.trend.az | Maryana Ahmadova

Trend NewsAgency presents an interview with Nurlan Rahimli, anAzerbaijani living in Germany who works as a Technical Manager foroperational wind farms at Alterric Deutschland GmbH and as aProject Manager at AGA Renewable Energy Solutions. Mr. Rahimli, could you tell us about your educationalbackground? How did your journey toward becoming an engineerbegin? Even though I’m an engineer today, my academic journey initiallystarted in economics at the Oil Academy.
TotalEnergies to provide LNG for Dominican Republic’s power plant

1 week ago | en.trend.az | Maryana Ahmadova

BAKU, Azerbaijan, April 15. TotalEnergies hassigned a Heads of Agreement (HoA) with Energia Natural Dominicana(ENADOM), a joint venture between AES Dominicana and Energas, forthe supply of 400,000 tons of liquefied natural gas (LNG) per year,Trend reports. The agreement, which is subject to the finalization of Sales andPurchase Agreements (SPAs), is set to commence in mid-2027 and willlast for 15 years. The price of the LNG will be indexed to HenryHub.
TotalEnergies secures long-term LNG supply from Rio Grande facility in Texas

1 week ago | en.trend.az | Maryana Ahmadova

BAKU, Azerbaijan, April 15. TotalEnergies hassigned a long-term Sales and Purchase Agreement (SPA) withNextDecade for the supply of 1.5 million tons per annum (Mtpa) ofliquefied natural gas (LNG) from Train 4 of the planned Rio GrandeLNG facility in Texas, Trend reports. The agreement, which will be in effect for 20 years, isconditional upon NextDecade reaching a positive Final InvestmentDecision (FID) for Train 4. The SPA marks an extension of the partnership between the twocompanies.
Eni eyes LNG expansion in Argentina through MoU with YPF

1 week ago | en.trend.az | Maryana Ahmadova

BAKU, Azerbaijan, April 14. Eni and Argentina’sstate energy company YPF have signed a Memorandum of Understanding(MoU) to evaluate Eni’s potential participation in the ArgentinaLNG project, an integrated gas development initiative led by YPF,Trend reports. The project aims to develop gas resources from Argentina’s VacaMuerta shale formation and reach export capacity of up to 30million tons per year (MTPA) of liquefied natural gas (LNG) by theend of the decade.