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Azerbaijan Expects to Export 12 Bcm to Europe in 2023

NATURAL GAS

Azerbaijan Expects to Export 12 Bcm to Europe in 2023, according to Platts, citing Azerbaijan’s deputy energy minister Samir Valiyev.

  • Azerbaijan has plans to raise exports of gas to Europe to 20 Bcm/y by 2027 under an MoU with the EU commission agreed in July 2022.
  • Azerbaijan is seen as a reliable supply partner by the EU as it looks to replace Russian pipeline gas imports, which were sharply curtailed last year, pushing European gas prices to record highs, Platts said.
  • Azerbaijan’s gas output has also been aided by the start of the Absheron field in July, proding 0.4 Bcm since operations began. The second phase of the project will raise output to 5.5 Bcm/y.

Source: S&P Global Commodity Insights

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