The largest buyers of Russian energy resources in Europe in January 2025 were France, Hungary, Slovakia, Belgium, and Spain. Together, they paid approximately €1.2 billion for imports of oil and gas from Russia, according to the analytical agency CREA.
France is the largest consumer of hydrocarbons from Russia: in January, it imported Russian liquefied gas worth €377 million (a 25% increase). Russian LNG accounts for one-third of all LNG imports in France.
Hungary is the second-largest buyer of energy resources from Russia, importing oil worth €182 million and gas worth €173 million. Slovakia follows, purchasing hydrocarbons from Russia worth €232 million, with more than 60% of this amount being oil.
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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