Azerbaijan increases revenues from gas supplies to Turkey
Baku, Azerbaijan, Nov. 19
By Sara Israfilbayova – Trend:
The Azerbaijani state oil company SOCAR exported 3,667.62 million cubic meters of gas worth $809.1 million to Turkey in January-September 2018, Azerbaijan’s State Statistics Committee told Trend Nov. 19.
SOCAR supplied 3,772.67 million cubic meters of natural gas worth $729.98 million to Turkey in January-September 2017.
Thus, 69 percent of the natural gas exported by Azerbaijan accounts for Turkey. In January-September 2018, the country exported 5,262.74 million cubic meters of natural gas worth $1,028.24 million.
Turkey imports gas from Azerbaijan via the South Caucasus gas pipeline (Baku-Tbilisi-Erzurum). In the future, after the Trans-Anatolian Natural Gas Pipeline (TANAP) fully works, the supply of Azerbaijani gas to Turkey will increase.
In 2019, two billion cubic meters of gas will be supplied to Turkey via TANAP. This figure will reach four billion in 2020, and six billion in 2021.
TANAP is a part of the Southern Gas Corridor, which envisages transportation of gas from the Azerbaijani field Shah Deniz to Europe.
The launching ceremony of the first stage of the Southern Gas Corridor project was held in Baku on May 29.
The initial capacity of TANAP is expected to be 16 billion cubic meters of gas per year. About six billion cubic meters will be supplied to Turkey, and the rest to Europe. After completion of the TAP, the gas will reach Europe in early 2020.