Share of Azerbaijani gas in Europe has increased

16:45 - 2.05.2023


May 2, Fineko/abc.az. In 2022, Azerbaijan's share in the European gas market increased to 6.9% from 4.9% in 2021, ABC.AZ informs with reference to World Bank’s report.

The following table shows the dynamics of changes in the share of gas suppliers to Europe:

Country Share in 2021 Share in 2022
U.S. 8 17,4
Russia 34,1 19,5
Algeria 20,2 18,5
Qatar 6,8 7,4
Norway 9 12,5
Azerbaijan 4,9 6,9
Other States 23,7 25,3

Azerbaijan began gas supplies to Europe on December 31, 2020. Since the beginning of commercial operation, a total of 22 bn cu m of gas have been transported through the Trans-Adriatic Gas Pipeline (TAP), the European part of the Southern Gas Corridor. Azerbaijan plans to export 12 bn cu m of gas to Europe this year.