Azerbaijan exports gas worth $1.4 billion to Europe

Baku, October 19 - Neftegaz.RU. Azerbaijan exported 4.6 billion m³ of natural gas worth $1.4 billion to Europe in the 1^st 9 months of 2021, Azernews has reported.

Of the total volume of exported natural gas, Italy accounted for 3.9 billion m³ worth $1.2 billion.
Some 501.7 million m³ of natural gas worth $163.7 million were exported to Greece and 166 million m³ worth $25.5 million to Bulgaria.

It should be noted that during the reported period, Azerbaijan exported a total of 14.9 billion m³ of natural gas worth $2.9 billion.
Moreover, Turkey accounted for 7.8 billion m³ of the total volume of exported natural gas, worth $1.2 billion.

In the meantime, 2.2 billion m³ of natural gas worth $280.9 million were exported to Georgia and 169.3 million m³ of natural gas worth $6.4 million to Iran in January-September 2021.

Azerbaijan started commercial gas supplies to Europe through the TAP on December 31, 2020.
Energy Minister Parviz Shahbazov earlier said that the TAP, as another energy link connecting Azerbaijan with Europe, will strengthen Azerbaijan's strategic role in energy security, cooperation and sustainable development.

The pipeline is supplied by natural gas from the 2nd stage of Azerbaijan’s Shah Deniz gas field development in the Azerbaijani section of the Caspian Sea through the South Caucasus Pipeline and TANAP.
The initial capacity of the pipeline is about 10 billion m³ of natural gas per year, with the option to expand the capacity up to 20 billion m³.