In January-November Azerbaijan produced 26,891.2 mcm of gas, which was 0.1% less than in the same period last year.
According to State Statistics Committee, in the same period Azerbaijan produced 17,024.8 mcm of marketable gas, which was 4.9% less than in January-November 2015.
In November of this year, Azerbaijan produced 1,534.1 mcm. In November 2015, Azerbaijan’s marketable gas production amounted to 1,676 mcm. That is the volume of marketable gas declined by 141.9 mcm, or by 8.5%.
The State Statistics Committee does not report the reason for the decline. -12B--
Economics
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As 2024 comes to a close, Azerbaijan finds itself at a crossroads—holding a prominent position in certain sectors of the global economy but still grappling with issues that hinder broader socioeconomic development. From energy exports to logistics corridors, the country has carved out a niche, yet cracks in its socioeconomic fabric are becoming harder to ignore. Let’s delve into the numbers and listen to expert opinions on Azerbaijan's global standing.
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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