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Azerbaijan’s gas exports soar in January 2022

Oil&Gas Materials 17 February 2022 17:11 (UTC +04:00)

BAKU, Azerbaijan, Feb.17

By Leman Zeynalova – Trend:

Azerbaijan’s gas exports in January 2022 stood at 1.613 billion cubic meters, as compared to 1.120 billion cubic meters in January 2021, showing a 44.01 percent increase year-on-year, Trend reports with reference to the State Customs Committee.

In terms of value, the gas exports rose from $100.026 million in January 2021 to $803.301 million in January 2022, or by around 8 times.

Gas exports accounted for 26.02 percent of the country’s total exports in January 2022, versus 6.16 percent in the same period in 2021.

The Southern Gas Corridor, which is comprised of Shah Deniz 2, the South Caucasus Pipeline Expansion, the Trans Anatolian Natural Gas Pipeline (TANAP), and the Trans Adriatic Pipeline (TAP) became fully operational on December 31, 2020.

Trans Adriatic Pipeline (TAP) AG confirmed on Dec. 31 the commencement of gas flows from Azerbaijan. The first gas has reached Greece and Bulgaria, via the Nea Mesimvria interconnection point with DESFA, as well as Italy, via the Melendugno interconnection point with SNAM Rete Gas (SRG).

TAP transports natural gas from the giant Shah Deniz field in the Azerbaijan sector of the Caspian Sea to Europe. The 878 km long pipeline connects with the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border in Kipoi, crosses Greece and Albania and the Adriatic Sea, before coming ashore in Southern Italy.

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Follow the author on Twitter: @Lyaman_Zeyn

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