Azerbaijan`s gas export revenues down 35.5%
Azerbaijan exported 6.754bn m³ of natural gas in 2016, about 19.9% less than the previous year, while revenues of $970mn were down 35.5% thanks to lower gas prices.
According to statistics, released by the state customs committee it exported 8.432bn m³ in 2015.
The customs committee pointed out that last year the gas exports accounted for 10.62% of the state's income from exports, compared with 11.82% in 2015.
In 2016 the country produced 29.4bn m³ of gross gas, almost unchanged year-on-year; but the country increased gas re-injections at the Azeri-Chirag-Guneshli block (AGC) to maintain oil production level in 2016.
Recently, Khoshbakht Yusifzade (pictured) the first vice-president of state-run oil company, Socar, said that the country had exported 5.9bn m³ of gas to Georgia and 43.8bn m³ to Turkey cumulatively by means of the South Caucasus Pipeline as of January 1.
Two major sources, Shah Deniz field and AGC have produced some 78.4bn m³ and 128.2bn m³ since 2006 and 1997 respectively, he added.
Gross gas production in the country is expected to stand at 28.39bn m³ in 2017, he added.
- Five EU Member State regulators confirm application of Third Package network codes on borders to Energy Community Contracting Parties
- Energy Reforms: January 2017 review
The project "Enhancing impact of civil society in monitoring and policy dialogue on energy and related sectors’ reforms in line with the Association Agreement implementation" presents the monitoring report on Ukraine’s progress in the implementation of the Association Agreement with the EU in the areas of energy and environment for January 2017.