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Azerbaijan Gas Exports Increase 23% y/y

NATURAL GAS

Azerbaijan gas exports were 14.4bcm in Jan - Aug 2022, up 23% from a year earlier according to Energy Minister Parviz Shahbazov.

  • Exports to Europe were 7.3bcm, to Turkey 5.4bcm and to Georgia 1.7bcm.
  • Overall natural gas production in Jan-Aug rose 9.7% y/y to 30.6bcm
  • Azerbaijan started shipping gas to Greece, Italy, and Bulgaria on 31st Dec 2020 via the Southern Gas Corridor pipelines. Europe has signed an MOU with Azerbaijan to double imports of Azeri gas to 20bcm a year by 2027.

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