BAKU, Azerbaijan, March 29. In 2023, EU countries imported a total of 12.2 billion cubic meters of gas from Azerbaijan, valued at 6.2 billion euros, Eurostat, the European Union's statistical office, told Trend.
EU gas imports from Azerbaijan peaked in October standing at 1.1 billion cubic meters, while the highest value was recorded in January with more than 1 billion euros.
The table below shows the dynamics of monthly gas supplies from Azerbaijan to EU in 2023:
|
Month |
Volume of supplies (million cubic meters) |
Value of supplies (euros) |
|
January |
972.9 |
1 006 939 047 |
|
February |
918.9 |
611 321 792 |
|
March |
1.06 billion |
595 988 162 |
|
April |
1.05 billion |
488 241 329 |
|
May |
1.004 billion |
461 737 921 |
|
June |
994.6 |
348 239 847 |
|
July |
998.6 |
339 054 249 |
|
August |
998.8 |
327 456 804 |
|
September |
1.04 billion |
389 204 742 |
|
October |
1.1 billion |
444 965 357 |
|
November |
1.07 billion |
706 242 868 |
|
December |
998.08 |
442 252 550 |
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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