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Azerbaijan's gas export revenue declines despite increase in sales

Oil&Gas Materials 17 April 2024 19:32 (UTC +04:00)
Lada Yevgrashina
Lada Yevgrashina
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BAKU, Azerbaijan, April 17. Azerbaijan exported 4.93 bcm of gas (271121 nomenclature code) from January through March 2024, Trend reports via the State Customs Committee (SCC).

Revenue from the sale of the specified volume of gas amounted to $1.752 billion.

The share of gas exports in the total volume of Azerbaijan's exports amounted to 29.28 percent.

As to the SCC, Azerbaijan exported 3.1 billion cubic meters of gas between January and March 2023, generating $2.347 billion in income.

The fall in revenue volume in 2024, despite an increase in natural gas exports, is due to the drop in global gas prices.

Azerbaijan's share of gas in the export basket amounted to 30.32 percent in the specified period.

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