Azerbaijan’s gas exports to Greece double in Q12024

Azerbaijan exported over 160.1 million cubic meters of natural gas, valued at approximately $78.4 million to Greece in the first quarter of 2024, Report informs citing the State Statistical Committee of Azerbaijan.

Compared to the corresponding period of 2023, the export grew by 2 times or 79.8 million cubic meters in volume, while fell by 55.6% or about $98.2 million in value.

Overall, Azerbaijan exported more than 4.93 billion cubic meters of natural gas worth over $1.75 billion in January-March 2024, representing a 61.5-percent increase in volume, while a 25.4-percent decline in value compared to the same period of last year.

In general, Azerbaijan exported gas to 6 countries - Italy, Bulgaria, Greece, Serbia, Türkiye and Georgia in the first quarter of this year.

During the reporting period, Greece accounted for 3.2% of Azerbaijan’s total gas exports.