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Index – Economy – Quite quietly, another country has increased its gas exports to Europe

Index - Economy - Quite quietly, another country has increased its gas exports to Europe

Azerbaijan’s Energy Ministry said it increased natural gas production by 15.3%, or 2.6 billion cubic meters, in the first five months of the year compared to the same period in 2021. Thus, the country produced 19.6 billion cubic meters of gas by May, he writes Aznews.

In addition, gas sales abroad amounted to 9.4 billion cubic meters in the reporting period, an increase of 27 percent over the same period in 2021. Of Azerbaijan’s natural gas exports, Turkey purchased 3.6 billion cubic meters, while 4.5 billion cubic meters were shipped of gas to Europe and 1.3 billion cubic meters to Georgia.

It should be noted that from January to May 2022 in BakuTbilisi45 million cubic meters of gas were delivered to the Ceyhan pipeline network. Meanwhile, 2.4 billion cubic meters of gas were exported to Turkey via TANAP.

While in the first five months of this year, about 13.9 million tons of crude oil, including condensate, were produced.

promising sign

With 40 percent of the European Union’s natural gas supplied by Russia, President Vladimir Putin and the Kremlin are already pressing the continent to block subsidies and aid to Ukraine: many countries were excluded from deliveries because these players were not willing to pay in rubles. Among them is Bulgaria, which Gazprom suspended the network in late April.

From the early days, Sofia tried to deal with Azerbaijan to cover lost Russian natural gas exports that could have been imported via Turkey. In 2021, the European Union imported a total of 155 billion cubic meters of natural gas from Russia, the world’s largest gas exporter. including Azerbaijan Can lead to 60 billion cubic meters.

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So increasing Azerbaijani capacity is still a promising sign as a mature solution.

(Cover photo: Hussein Faleh/AFP)

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