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Azerbaijan increases revenues from gas sales to Turkey

Oil&Gas Materials 26 September 2018 17:05 (UTC +04:00)

Baku, Azerbaijan, Sept. 26

By Azad Hasanli – Trend:

Azerbaijan supplied almost 1.94 billion cubic meters of gas to Turkey in January-June 2018, which is 7.1 percent less than in the same period last year, Azerbaijan’s State Statistics Committee told Trend Sept. 26.

For the first half of the year, gas supplies to Turkey brought Azerbaijan revenues worth $417.7 million (a 5.56 percent increase).

In 2017, Azerbaijan supplied more than 6.54 billion cubic meters of natural gas to Turkey.

In general, during the six months of 2018, Azerbaijan exported 3.1 billion cubic meters of gas worth $570.3 million.

Turkey imports gas from Azerbaijan via the South Caucasus Pipeline (Baku-Tbilisi-Erzurum). Turkey signed a contract for the annual purchase of 6.6 billion cubic meters of gas from Azerbaijan’s Shah Deniz offshore gas condensate field.

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Follow the author on Twitter: @AzadHasanli

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