Azerbaijan exports 18M tons of oil and 14 bcm gas in 8 months

According to operational data for 8 months of this year, 17.6 out of 21.8 million tons of extracted oil was exported. Compared to the same period last year, 14.4 out of 30.6 billion cubic meters of gas produced with an increase of 9.7% was exported, Azerbaijan's Minister of Energy Parviz Shahbazov tweeted, Report informs.

The BTC pipeline currently mainly carries oil from Azerbaijan from the Azeri-Chirag-Guneshli (ACG) block and condensate from the Shah Deniz field. In addition, other volumes of crude oil and condensate, including oil from Turkmenistan, Russia, and Kazakhstan, are transported through the BTC.

Oil from the Azeri-Chirag-Guneshli field block and condensate from the Shah Deniz field is transported through BTC. Shareholders of BTC Co are BP (30.1%), AzBTC (25%), MOL (8.9%); Equinor (8.71%), TPAO (6.53%), Eni (5%), Total (5%), ITOCU (3.4%); INPEKS (2.5%), ExxonMobil (2.5%) and ONGC (BTC) Limited (2.36%).

Natural gas is delivered to the Turkish market via the South Caucasus Pipeline (Baku-Tbilisi-Erzurum) and TANAP. The first batch of Azerbaijani gas entered the Turkish market via the Baku-Tbilisi-Erzurum pipeline in 2007. The transportation of commercial gas to Turkiye via TANAP began on June 30, 2018.

The Azerbaijani natural gas transported to Turkiye is extracted from the Shah Deniz field.

The capacity of the Trans-Adriatic Pipeline (TAP), the European part of the Southern Gas Corridor, where Azerbaijani gas is currently transported to southern Europe, is 11 billion cubic meters of gas per year.

The TAP AG consortium is considering three scenarios to increase pipeline capacity: limited - up to 14.4 billion cubic meters, partial - up to 17.1 billion cubic meters, and full - up to 20 billion cubic meters per year.

The TAP construction was completed in October 2020. The total length of TAP is 878 km, of which 550 km passes through the northern part of Greece, 215 km through Albania, 105 km along the bottom of the Adriatic Sea, and 8 km extend through the territory of Italy.

Azerbaijani gas supplies to consumers in Italy, Greece, and Bulgaria via TAP began on December 31, 2020.