Italy spent about 2.2B euros on import of Azerbaijani gas

During January-August 2024, Italy imported 254,302 terajoules (TJ) of Azerbaijani gas, which is 5.6% higher than the same period last year, Report informs referring to the European Union's statistical office (Eurostat).

In monetary terms, the volume of gas imported by Italy during the reporting period amounted to 2.180.519 billion euros (a 1.5-fold decrease). Italy accounted for 77% of the total Azerbaijani gas imports to the EU during this period. In August, 24,921 TJ were supplied to Italy (a 17.9% decrease) worth 223.89 million euros (an 11.2% decrease).

European Union countries - Italy, Greece, and Bulgaria - imported 330,264 TJ of gas from Azerbaijan in January-August 2024 (a 2.4% increase) worth 2.768.721 billion euros (a 1.5-fold decrease year-on-year). Azerbaijan has gas supply contracts with 8 European countries: Italy, Greece, Bulgaria, Romania, Hungary, Serbia, Slovenia, and Croatia. In 2024, Azerbaijan's gas exports are projected to reach 25 billion cubic meters, with 12.5 billion cubic meters planned for delivery to Europe.