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Marketable Azeri Natural Gas Production Rose 4.6% y/y in Jan-Sep

NATURAL GAS

Natural gas production in Azerbaijan rose by 4.4% from last year to 35.9bcm in Jan-Sep 2023 according to State Statistics Committee data.

  • Marketable natural gas production increased by 4.6% y/y to 26.87bcm accounting for gas re-injections to maintain reservoir pressures.
  • Marketable crude and condensate production was down 7.8% y/y at 22.5m tons
  • Azerbaijan exports natural gas to Europe, Georgia and Turkey. The country’s aims to double natural gas exports to Europe by 2027 are at risk amid failure to secure long-term sales according to Bloomberg sources.

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