Türkiye buys almost half of Azerbaijan's gas exports in 1Q24

Azerbaijan exported approximately 2.27 billion cubic meters of natural gas valued at $715.2 million to Türkiye in the first quarter of 2024, Report informs with reference to the State Statistical Committee of Azerbaijan.

Compared to the corresponding period of 2023, this is 2.6 times (or about 1.48 million cubic meters) more in volume, and 84.9 percent (or about $675.5 million) more in value.

Overall, Azerbaijan exported more than 4.93 billion cubic meters of natural gas worth over $1.75 billion in January-March 2024, representing a 61.5-percent increase in volume, while a 25.4-percent decline in value compared to the same period of last year.

Türkiye, Italy, and Bulgaria rank among the top three importers of the Azerbaijani gas in the reporting period.

Thus, Türkiye placed first in terms of gas imports from Azerbaijan and received almost half (46%) of the gas exported from Azerbaijan during the first three months of 2024.

In general, Azerbaijan exported gas to 6 countries - Italy, Bulgaria, Greece, Serbia, Türkiye and Georgia in the first quarter of this year.