Azerbaijan ensures 83.5% of gas import of Georgia
From January to September 2014 Georgia has imported from Azerbaijan 958,032 tons of natural gas in the oil equivalent to the amount of $198.99 million, reads the report released by the Georgian National Statistical Service.
Azerbaijan is the main supplier of this type of fuel to Georgia with the specific weight of 83.5% of total volume of import of the country in this category. According to the report, since early year Georgia has imported natural gas to the amount of $238.28 million.
The remaining part of the gas deliveries fell to Russia and other sources.
Export of natural gas from Azerbaijan to Georgia increased by 18.81% during a year (by 130,085 tons in oil equivalent or by 15.8%).
From January to September last year Georgia imported from Azerbaijan 827,048 tons of oil in oil equivalent to the amount of $167.49 million.
During this period specific weight of gas in total volume of Georgia’s import from Azerbaijan constitute 43.9%.
From January to September 2014 Georgia imported products to the amount of $453.39 million from Azerbaijan.—0--
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- Political Monitoring
- 4 November 2014 11:09
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- Politics
- 4 November 2014 13:19
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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