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Azerbaijan exports gas worth $1.4 billion to Europe

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

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 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.
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.

Source : Neftegaz.RU


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