MNI BRIEF: German Economy "Treading Water", Prices Stable -Ifo

MNI BRIEF: China To Release Childcare Subsidies, Boost Income

MNI: ITALY FEB HICP 0.1% M/M, 1.7% Y/Y

MNI BRIEF: PBOC Mulls New Tools Targeting Consumption

MNI BRIEF: China House Prices Up In February

MNI BRIEF: China Data Shows Good Foundation Despite Issues

MNI:US FEB RETAIL SALES +0.2%; EX-MOTOR VEH +0.3%

US FEB RETAIL SALES $722.7B VS JAN $721.3B

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES +7.9B CAD IN JAN

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NATGAS: Azeri Gas Exports Fall 13% in Jan: Platts

NATGAS
Energy BulletsBulletPower BulletsCommodities

Azerbaijan's total gas exports dropped by 13% from December, reaching 2 Bcm in January, Platts said.

  • Azerbaijan's gas production in January also fell by 13%, totalling 3.9 Bcm.
  • This decrease was due to a 12-day unplanned outage at the Shah Deniz gas field.
  • Exports to Europe fell by 17%, totalling 1 Bcm, while supplies to Turkey and Georgia amounted to 0.7 Bcm and 0.3 Bcm, respectively.
  • The outage, caused by a technical issue in the subsea condensate export line, was identified on Jan. 6 and resolved by Jan. 18.
  • Despite the recent decline, Azerbaijan's gas exports to Europe have been steadily increasing, with 12.9 Bcm supplied in 2024, up 9% from 2023.
  • Under an agreement with the EU, Azerbaijan aims to double its gas export capacity to 20 Bcm/year by 2027, though President Ilham Aliyev targets 16 Bcm.
  • Investments are needed to expand the Southern Gas Corridor, Platts added.
Screenshot 2025-02-13 174755
Source: S&P Global Commodity Insights
146 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Azerbaijan's total gas exports dropped by 13% from December, reaching 2 Bcm in January, Platts said.

  • Azerbaijan's gas production in January also fell by 13%, totalling 3.9 Bcm.
  • This decrease was due to a 12-day unplanned outage at the Shah Deniz gas field.
  • Exports to Europe fell by 17%, totalling 1 Bcm, while supplies to Turkey and Georgia amounted to 0.7 Bcm and 0.3 Bcm, respectively.
  • The outage, caused by a technical issue in the subsea condensate export line, was identified on Jan. 6 and resolved by Jan. 18.
  • Despite the recent decline, Azerbaijan's gas exports to Europe have been steadily increasing, with 12.9 Bcm supplied in 2024, up 9% from 2023.
  • Under an agreement with the EU, Azerbaijan aims to double its gas export capacity to 20 Bcm/year by 2027, though President Ilham Aliyev targets 16 Bcm.
  • Investments are needed to expand the Southern Gas Corridor, Platts added.
Screenshot 2025-02-13 174755
Source: S&P Global Commodity Insights