Azerbaijan boosts gas exports to Europe by more than 13%

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For 7 months, 29.5 bcm of natural gas was produced in Azerbaijan. 7.7 bcm of gas production extracted from ACG, while 16.5 bcm from Shah Deniz, the Ministry of Energy told AZERTAC.

According to the ministry, Absheron and SOCAR produced 0.9 bcm and 4.4 bcm of gas respectively. Gas was transported with an increase of namely 1.3 bcm compared to the relevant period of last year.

During this period, gas sales amounted to approximately 14.7 bcm, which was 5.7 % more compared to the same period previous year. In January-July this year, nearly 5.8 bcm of gas was sold to Türkiye, 7.5 bcm to Europe and 1.4 billion cubic meters to Georgia. During this period 3.3 bcm of gas was exported to Türkiye through TANAP.

Since its commissioning till 1 August 2024, more than 641.4 million tons oil (including condensate) and 449.5 bcm of gas were extracted from Azeri-Chirag-Gunashli and Shah Deniz. 594.4 million tons oil and 224 bcm of gas were extracted from Azeri-Chirag-Gunashli. About 225.5 bcm of gas and nearly 47 million tons of condansate were extracted from Shah Deniz. Up to now, approximately 639.5 million tons oil (including condensate), about 160.7 bcm of gas were exported.

Economy