Türkiye retains leading position among Azerbaijani gas buyers in January-July

In January-July 2024, Azerbaijan exported 5.830 billion cubic meters of gas to Türkiye, Report informs referring to the State Statistics Committee.

According to statistics, the cost of Azerbaijani gas supplied to Türkiye during the reporting period amounted to $1.814 billion.

Compared to the same period last year, exports increased in quantitative terms by 3.3%, but decreased in value terms by 14.5%. In general, in the first seven months of 2024, Azerbaijan exported 13.845 billion cubic meters of gas (an increase of 3.2%) for $4.755 billion (a decrease of 1.9 times).

In total, during the reporting period, Azerbaijan exported gas to six countries - Italy, Bulgaria, Greece, Serbia, Türkiye and Georgia. The TOP 3 in terms of purchases of Azerbaijani gas during the reporting period included Türkiye, Italy and Bulgaria. At the same time, Türkiye took first place in the purchase of Azerbaijani gas, accounting for 42.1% of all gas exports from Azerbaijan in January-July 2024.

In 2023, Azerbaijan exported 10.854 billion cubic meters of gas to Türkiye (an increase of 58.4% compared to the 2022 figure) for $3.681 billion (an increase of 66.7%). Natural gas produced at the Azerbaijani Shah Deniz field is exported to Türkiye. The first gas entered the Turkish market via the Baku-Tbilisi-Erzurum pipeline in 2007. Commercial gas transportation to Türkiye via the Trans-Anatolian Natural Gas Pipeline (TANAP) began on June 30, 2018.