
Georgia No Longer Going to Buy Russian Gas This Year
Baku/12.04.17/ Turan: Georgia will refuse to purchase natural gas from the Russian concern Gazprom, the Business Georgia portal reports with reference to the statement of the country's Energy Minister Kakha Kaladze.
According to him, by the end of the year no deal will be concluded to acquire Russian gas.
“In April, Georgia will completely switch to supplying the population and enterprises with gas from Azerbaijan. The suppliers of blue fuel to Georgia are the State Oil Company of Azerbaijan (SOCAR) and the Consortium, which is developing the Shah Deniz gas condensate field.
According to the Ministry of Energy, in 2017 Georgia plans to import from Azerbaijan 2,347 mcm of natural gas. “Thus, the share of Russian gas in the total volume of imports will not be more than 4 percent,” the report said.
It should be noted that, as Deputy Energy Minister Mariam Valishvili said earlier, in January-February Georgia imported 100 mcm of commercial gas from Russia. Seventy mcm of this was imported in February. Georgia bought gas from Gazprom at a price of $ 185 per 1,000 cubic meters. -0-
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- Markets Review
- 12 April 2017 11:59
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- Finance
- 12 April 2017 12:20
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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