BAKU, Azerbaijan, May 14. Azerbaijan has increased gas exports by 2.7 percent in the first four months of 2024, as compared to the same period in 2023, the country’s energy minister Parviz Shahbazov wrote on X, Trend reports.
“In January-April 2024, 4.2 bcm of gas was exported to Europe, 3.2 bcm to #Türkiye, and 1.1 bcm to Georgia. During this period, TANAP supplied Türkiye with 1.8 bcm of gas. During 4 months of this year, gas sales abroad increased by approximately 2.7 percent compared to the corresponding period of last year,” the minister said.
He noted that gas production in Azerbaijan stood at 16.7 billion cubic meters, up by 500 million cubic meters year-on-year. Around 8.5 billion cubic meters of this volume was exported.
Azerbaijan commenced gas supplies to Europe through the Southern Gas Corridor on December 31, 2020. The initial capacity of the European segment of the corridor, namely the Trans Adriatic Pipeline (TAP), stands at 10 billion cubic meters of gas.
In July 2022, Azerbaijan and the EU inked a memorandum aimed at doubling the capacity of this infrastructure to 20 billion cubic meters per year by 2027.