The Azerbaijan State News Agency

ECONOMY

Azerbaijan among Top 5 largest pipeline gas exporters to Europe

09.10.2023 [16:15]
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Baku, October 9, AZERTAC

Imports from Azerbaijan through the Trans Adriatic Pipeline declined by 6% quarter-quarter, but increased by 13% year-on-year and 133% compared to 2021, reaching 2.8 bcm. Azerbaijan increased its import share in total EU imports to 4% from 3% in the previous quarter, according to the recent quarterly report of the European Commission on European Gas Markets.

“Total EU pipeline export was 42.2 bcm in the first quarter of 2023, a decrease of 9% from the previous quarter and 32% decline year-on-year.

Norway remained the EU’s biggest pipeline gas exporter with a share of 53% (21,7 bcm), up from 47% in the last quarter and 28% a year earlier. The second largest exporter to the EU became North-Africa (Algeria and Libya) with an 18% export share (7.3 bcm), followed by Russia (12%, 5 bcm), UK (11%, 4.4 bcm) and Azerbaijan (7%, 2.8 bcm),” the report says.