Transit Oil Transportation via BTC Pipeline Increased

Since the start of commercial production on June 30, 2018, until December 1, 2024, the Shah Deniz 2 project has produced 11.5 million tons of condensate and 66.6 bcm of gas, the State Oil Company of Azerbaijan (SOCAR) reported.

From January to November 2024, Azerbaijan produced 46 billion 33 mcm of natural gas. According to the State Statistics Committee of Azerbaijan, 35 billion 115.9 mcm of this volume were marketed natural gas. In comparison with last year, natural gas production increased by 4.1%, while marketed gas production grew by 5.9%.

According to preliminary data, from January to November 2024, electricity production in Azerbaijan amounted to 25.932 billion kilowatt-hours. According to the Ministry of Energy of Azerbaijan, during the same period, electricity exports from Azerbaijan reached 1.255 billion kilowatt-hours, while imports totaled 159.8 million kilowatt-hours.

The World Bank is ready to support projects related to the export of "green" energy from Kazakhstan, Uzbekistan, and Azerbaijan to the European Union, provided they are economically viable,  Dmitry Petrin, Coordinator of Regional Projects at the World Bank’s Regional Office for Central Asia, stated during the Eurasian Development Bank (EDB) session in Almaty.