Azerbaijan has supplied 22.4 bcm of gas to Europe in 27 months
Baku/28.04.23//Turan: The volume of Azerbaijani gas exported to Europe from December 31, 2020, to March 31, 2023, amounted to 22.4 bcm. According to Elchin Ibadov, CEO of SOCAR Turkiye Enerji, more than 21 bcm of gas were delivered to Turkey via the TANAP gas pipeline from June 30, 2018, to March 31, 2023.
Ibadov also said that SOCAR Turkiye Enerji's natural gas trading portfolio accounts for 6% of Turkey's consumption, which is one of the largest portfolios in the private sector.
"So far, gas supplies to Turkey from SOCAR Turkiye Enerji have amounted to about 9.3 billion cubic meters of gas, Azerbaijan has supplied 98.2 bcm. At the same time, we are one of the largest private sector players in Turkey in the wholesale electricity and natural gas market. In 2022, the total volume of trade and sales of natural gas and electricity reached 17 terawatt-hours, and its turnover reached 28 billion Turkish lira (approximately $1.4 billion)," Ibadov said. –0-
Energy
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The State Oil Company of Azerbaijan (SOCAR) is launching the Leucipa monitoring program for the first time in the Caspian region to enhance production efficiency in the oil and gas industry, KOKAR reported. “SOCAR is implementing an innovative digital solution – the Leucipa monitoring program – to optimize processes and improve extraction efficiency. This initiative is part of a strategic collaboration with Baker Hughes. This project is a key part of SOCAR’s digital transformation strategy,” the company’s statement said.
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The daily oil production, including condensate, in Azerbaijan in January amounted to 74.5 thousand tons (559 thousand barrels). Of this volume, oil accounted for 61.7 thousand tons (454 thousand barrels per day), and condensate – 12.8 thousand tons (105 thousand barrels per day), the press service of Azerbaijan’s Ministry of Energy. Thus, Azerbaijan used 82.4% of its OPEC quota in January.
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In January 2025, Azerbaijan exported a total of 2 bcm of natural gas. Compared to January of the previous year, export volumes decreased by 300 mcm, the website of Azerbaijan’s Ministry of Energy. According to the ministry’s data, during the reporting period, Azerbaijan’s gas exports to Europe amounted to 1 bcm (a decrease of 100 mcm.)
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In January 2025, Azerbaijan exported 2 million tons of oil and condensate to foreign markets. The export volumes of liquid hydrocarbons from Azerbaijan decreased by 100 thousand tons, the website of Azerbaijan’s Ministry of Energy.
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