While Azerbaijan is not as large a figure in global gas as it is in oil, gas extraction is expected to continue contributing significantly to the economy in the coming decades
Baku, October 19 - Neftegaz.RU. Azerbaijan
exported 4.6 billion m3
of natural gas
worth $1.4 billion to Europe in the 1st
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.
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