World Bank Postpones Approval of Azerigas Methane Reduction Project
1 report, 1 independent
Updated Mon 00:00
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What happened
The World Bank postponed the approval of a $15 million project for Azerigas, a subsidiary of the State Oil Company of Azerbaijan. This initiative aims to establish a mechanism to detect and repair gas leaks across the distribution network. The approval was initially scheduled for April 23, 2026, and is now set for November 27, 2026.
From news.az
Why it matters
The project addresses significant fugitive methane emissions from Azerigas' aging infrastructure, which are estimated at 160 million cubic metres per year. The initiative aims to strengthen asset management capacity and reduce emissions from the gas distribution network across Azerbaijan.
From news.az
Who's involved
- World BankPostponed the approval of the methane reduction project.
- AzerbaijanThe country where the gas distribution network operates.
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The entities involved
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World Bank
international financial institution