4.2 Bcm of Azerbaijani Gas Supplied to Turkey via TANAP

By June 30, 2024, the level of gasification in Azerbaijan reached 96.5%, according to a report by SOCAR for the first half of 2024. Following the completion of the first gasification program (2014-2018), the process continues under the “State Program for the Socio-Economic Development of Azerbaijan's Regions for 2019-2023.” As of December 31, 2023, the gasification level stood at 96.46%. “The remaining works will be financed through state capital investments,” the company’s report stated.

The State Oil Company of Azerbaijan (SOCAR) reported a net profit of 1.545 billion manats for the first half of 2024. According to SOCAR’s interim financial report, this represents a 9.3% increase compared to the same period in 2023.

The halt in Azerbaijani natural gas supplies to Europe has been extended until January 19, according to the Azerbaijan Gas Supply Company (the company created for the sale of gas from the “Shah Deniz” field, operated by SOCAR).

BP-Azerbaijan, the technical operator of the “Shah Deniz” field development, has halted operations on the Alpha platform due to a technical malfunction on the underwater pipeline designed to transport condensate.