Georgia increased natural gas imports from Azerbaijan by 16% in August

In the first eight months of 2023, Georgia imported 1 billion cubic meters of natural gas worth $149.5 million from Azerbaijan, which represents an 18% decrease in value and a 10% decrease in volume year-on-year, Report informs, citing the National Statistics Office of Georgia.

Despite the decline, Azerbaijan remains the top natural gas exporter to Georgia. In August alone, Georgia purchased 100.61 million cubic meters of natural gas from Azerbaijan, valued at $16.1 million. This marks a 39% increase in value and a 16% increase in volume compared to the previous year.

Overall, Georgia imported 1.402 billion cubic meters of natural gas worth $258.75 million from foreign countries during the January-August period, a 15% decrease in value and a 5% decrease in volume year-on-year. In addition to Azerbaijan, Georgia also imported natural gas from Russia (401 million cubic meters for $109.18 million), Iran (23,350 cubic meters for $38,000), the United Kingdom (10 cubic meters for $24,350), and China (8,190 cubic meters for $16,290).

In 2022, Georgia imported a total of 2.25 billion cubic meters of natural gas valued at $445 million, with Azerbaijan accounting for 1.8 billion cubic meters worth $313.5 million.