Azerbaijan sees remarkable growth in gas exports to Bulgaria

Azerbaijan exported just under 719.2 million cubic meters of gas to Bulgaria, valued at over $224.6 million, Report informs, citing the State Statistical Committee of Azerbaijan.

The data shows that the exports rose by 2.4 times in volume and 1.9 times in value compared to the corresponding period in 2023.

In total, Azerbaijan exported more than 9.912 billion cubic meters of natural gas worth just over $3.451 billion in the initial five months of 2024, marking a 5.9 percent increase in volume, and a 51.4 percent decline in value year-on-year.

Azerbaijani gas was exported to six countries, including Italy, Bulgaria, Greece, Serbia, Türkiye, and Georgia.

Meanwhile, in 2023, Azerbaijan exported more than 1.275 billion cubic meters of gas to Bulgaria worth over $470.3 million, showing an increase of 3.5 times in volume and 97.7%, respectively, compared to the previous year.