Azerbaijan exported about 282M cubic meters of gas to Georgia since early year

Azerbaijan exported 281.816 million cubic meters of gas to Georgia in January-February 2024, Report informs referring to the State Statistics Committee.

According to statistical data, the cost of Azerbaijani gas supplied to Georgia during the reporting period amounted to $49.310 million.

Compared to the same period last year, the decline in export amounted to 217.815 million cubic meters or 43.6% in quantity and $40.864 million or 45.3% in value.

In general, in the first two months of 2024, Azerbaijan exported a total of 3.953 billion cubic meters of gas (an increase of 3.3 times) for $1.459 billion (an increase of 2 ,9 times).

In 2023, Azerbaijan exported 2.148 billion cubic meters of natural gas worth $346.624 million to Georgia. The decline compared to 2022 in quantitative terms amounted to 432.55 million cubic meters or 16.8%, in value terms – $4.106 million or 0.9%.

Supplies of natural gas from Azerbaijan to Georgia are carried out via the South Caucasus Pipeline (SCP). The SCP was put into operation at the end of 2006 and supplies gas from the Shah Deniz field to Azerbaijan, Georgia and Türkiye. Commercial gas supplies to Türkiye as part of the SCP expansion project began in June 2018, and to Europe on December 31, 2020.

SCP investors are BP (29.99%), LUKOIL (19.99%), Southern Gas Corridor CJSC (21.02%), TPAO (19%), NICO (10%).