Türkiye led among buyers of Azerbaijani gas in 1H2024

Azerbaijan exported more than 4.964 billion cubic meters of natural gas to Türkiye, valued at just over $1.55 billion in the first half of 2024, Report informs, citing the Azerbaijan State Statistical Committee.

Compared to the corresponding period last year, the exports increased by 25% in volume, while decreasing by 0.4% in value.

Azerbaijan's total gas exports in the first six months of 2024 exceeded 11.825 billion cubic meters, valued at $4.068 billion. Despite the volume of exports rose by 7.39, the value experienced a 1.97 times decline compared to the previous year.

Türkiye, Italy, and Bulgaria emerged as the top three buyers of Azerbaijani gas during the reporting period. Notably, Türkiye alone accounted for 42% of all gas exported from Azerbaijan in January-June 2024, securing its position as the leading importer.

In total, Azerbaijan exported gas to six countries during the reporting period: Italy, Bulgaria, Greece, Serbia, Türkiye, and Georgia.