IEA: Azerbaijan’s gas output grew by 4%, partly supported by higher piped gas deliveries to EU

Azerbaijan’s gas output grew by 4% (or 1.5 bcm) in 2023, partly supported by higher piped gas deliveries to the European Union, Report informs, citing the IEA Gas Market Report, Q1-2024.

Gas flows from Azerbaijan via the Trans Adriatic pipeline stayed near their 2022 levels in 2023.

Last year, the amount of gas supplied to Europe reached 11.5 bcm, for a total of 31 bcm since the pipeline's launch.

Shipments to Türkiye stood at over 5.6 bcm in 2023, with the total supply since mid-2018 reaching 25.2 bcm.

In Eurasia, natural gas demand rose by an estimated 1% compared to 2022. The region’s gas production dropped by around 3% (or close to 30 bcm), primarily due to lower gas output in Russia and Uzbekistan. Russia’s natural gas production declined by an estimated 5% (or over 30 bcm) amid lower piped gas exports to the European Union.

In Uzbekistan, natural gas production declined by close to 10% (or 5 bcm) in 2023 due to the continued deterioration of the upstream sector. In contrast, natural gas production grew by an estimated 7% (or 6 bcm) in Turkmenistan and rose by 6% (or 1.5 bcm) in Kazakhstan.

Russia’s piped gas supplies to Europe almost halved in 2023, totaling an estimated 45 bcm – their lowest level since the early 1970s.

Deliveries to the European Union fell by more than 60% (or 38 bcm). Exports to Türkiye stayed close to their 2022 levels in the first eleven months of 2023. Pipeline gas deliveries from North Africa dropped by 2% (or 0.5 bcm), amid lower supplies to Iberia.