BAKU, Azerbaijan, March 29. In 2023, the cumulative gas exports from Azerbaijan to Greece reached almost 2 billion cubic meters, with a total value of 871.9 million euros, Eurostat, the European Union's statistical office, told Trend.
Greece’s gas imports from Azerbaijan peaked in February standing at 199.4 million cubic meters, while the highest value was recorded in January with 133.5 million euros.
The table below shows the dynamics of monthly gas supplies from Azerbaijan to Greece in 2023:
|
Month |
Volume of supplies (million cubic meters) |
Value of supplies (euros) |
|
January |
163 |
133 509 501 |
|
February |
199.4 |
118 519 833 |
|
March |
163.3 |
79 444 080 |
|
April |
157.4 |
65 418 099 |
|
May |
163 |
68 799 928 |
|
June |
174.6 |
58 097 543 |
|
July |
178.2 |
55 723 059 |
|
August |
162.8 |
52 116 621 |
|
September |
157.3 |
55 227 275 |
|
October |
161.8 |
57 683 532 |
|
November |
158.3 |
64 223 065 |
|
December |
162.8 |
63 182 462 |
Azerbaijan initiated gas transportation to Europe through the Southern Gas Corridor on December 31, 2020. The Southern Gas Corridor transports gas from the Caspian Sea region to European countries via Georgia and Türkiye, with a project cost of 33 billion US dollars. It is expected that the capital costs for the Southern Gas Corridor will be fully recouped within 8–10 years.
In July 2022, Azerbaijan and the EU reached an agreement to double the volume of gas supplies via the Southern Gas Corridor from the current 10 billion cubic meters to 20 billion cubic meters by 2027.
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