Azerbaijan shares data on its revenues from operation of main gas pipelines

Azerbaijan's revenues from the operation of main gas pipelines, including the South Caucasus Pipeline (SCP), reached almost 2 billion manats (just under $1.176 billion) in the first nine months of 2024, Report informs, citing the country’s State Statistical Committee.

This is an increase of 5.7 percent compared to the same period last year.

In another positive development, losses in the main gas pipeline network decreased by 41.6% to 29.6 million cubic meters in January-September of this year.

Overall, 29.571 billion cubic meters of gas were transported through the main gas pipelines during the initial nine months of 2024, marking a 0.5% increase year-on-year. Of the total volume, 56.8 percent fell to the South Caucasus Pipeline.

In 2023, Azerbaijan's revenues from the operation of main gas pipelines, including the SCP, amounted to over 2.516 billion manats ($1.48 billion), representing an 8.1% growth. However, network losses increased by 18.2% to 59.8 million cubic meters during the same year.