Azerbaijan Expands Gas Supply Geography in Europe

The State Oil Fund of the Azerbaijan Republic (SOFAZ) sold foreign currency worth 574.6 million USD in November 2024. According to SOFAZ’s report, this is a 230.6% increase compared to October of this year. Additionally, this is 40.8% more than in November of last year (339.9 million USD). It is noted that in October, the Oil Fund sold 174.4 million USD at auctions. From January to November this year, SOFAZ sold foreign currency worth 6.494 billion USD.

A meeting took place between Baba Rzaev, the head of the state-owned "Azerenerji" OJSC, and a delegation led by Gary Jones, President of BP Azerbaijan, Georgia, and Türkiye, by the press service of "Azerenerji" reported.

The number of subscribers to "Azerishig" OJSC, Azerbaijan's state-owned electricity distribution company, has been published. According to the press service of the company, as of October 1 of this year, the total number of subscribers was 2,979,221. Of this, 2,790,344 were from the "residential" category, and 188,877 were from the "non-residential" category (excluding the Nakhchivan Autonomous Republic).

Gazprom has increased daily gas deliveries to China via the "Power of Siberia" pipeline to the maximum contracted level ahead of schedule, starting December 1, according to a statement from the Russian holding company. The pipeline's design capacity is 38 bcm per year. "The increase in supplies was achieved one month earlier than originally planned under the long-term bilateral gas sales contract between Gazprom and China's CNPC," the statement says.