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Azerbaijan increases share of natural gas in exports

Oil&Gas Materials 17 June 2022 14:07 (UTC +04:00)
Azerbaijan increases share of natural gas in exports
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, June 17. Natural gas accounted for 38.89 percent of Azerbaijan’s total exports from January through May 2022, versus 17.98 percent in the same period in 2021, Trend reports with reference to the State Customs Committee.

Azerbaijan increased natural gas exports by 3.095 percent from January through May 2022 as compared to the same period in 2021, with total volume of exports rising from 9.174 billion cubic meters (bcm) to 9.458 bcm.

The value of gas exports rose by almost 4.5 times from $1.335 billion in the first five months of 2021 to $5.995 billion in the same period in 2022.

Azerbaijan’s gas exports to Europe began on December 31, 2020 with the commissioning of the Southern Gas Corridor comprising of the South Caucasus Pipeline Expansion, the Trans Anatolian Natural Gas Pipeline (TANAP) and the Trans Adriatic Pipeline (TAP).

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