...

Azerbaijan's gas exports up, revenues take downturn

Oil&Gas Materials 16 May 2024 13:35 (UTC +04:00)
Lada Yevgrashina
Lada Yevgrashina
Read more

BAKU, Azerbaijan, May 16. Azerbaijan exported 7.707 bcm of natural gas worth almost $2.7 billion from January through April 2024, the data of the State Customs Committee (SCC) said, Trend reports.

The volume of gas exports increased by 18.3 percent against the figure for the same period in 2023 (there was a figure of 6.514 bcm).

However, revenue from gas exports fell by almost half (from January through April 2023, it was $5.419 billion), which is associated with a drop in gas prices in the EU in 2024.

According to SCC data, the share of natural gas in Azerbaijan's total exports from January through April 2024 amounted to 33.77 percent.

The share of natural gas in Azerbaijan's total exports in the first four months of 2023 was 43.06 percent.

Moreover, Azerbaijan exported 23.8 bcm of gas in 2023, 11.8 bcm of which was exported to Europe.

Stay up-to-date with more news on Trend News Agency's WhatsApp channel

Tags:
Latest

Latest