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Monthly breakdown of gas supplies from Azerbaijan to Italy in 2023 (TABLE)

Oil&Gas Materials 29 March 2024 15:25 (UTC +04:00)
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, March 29. In 2023, Italy imported a total of 9.3 billion cubic meters of gas from Azerbaijan, valued at 4.97 billion euros, Eurostat, the European Union's statistical office, told Trend.

Italy’s gas imports from Azerbaijan peaked in October standing at 881.2 million cubic meters, while the highest value was recorded in January with 842.7 million euros.

The table below shows the dynamics of monthly gas supplies from Azerbaijan to Italy in 2023:

Month

Volume of supplies (million cubic meters)

Value of supplies (euros)

January

732.7

842 722 785

February

644.5

465 421 790

March

818.9

486 051 445

April

814.8

392 949 687

May

764.2

365 837 824

June

745.2

263 514 846

July

743.2

259 418 802

August

758.8

252 026 400

September

800.5

310 552 281

October

881.2

364 196 918

November

838.2

619 228 632

December

758.8

356 248 300

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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