BAKU, Azerbaijan, March 29. In 2023, Italy imported a total of 9.3 billion cubic meters of gas from Azerbaijan, valued at 4.97 billion euros, Eurostat, the European Union's statistical office, told Trend.
Italy’s gas imports from Azerbaijan peaked in October standing at 881.2 million cubic meters, while the highest value was recorded in January with 842.7 million euros.
The table below shows the dynamics of monthly gas supplies from Azerbaijan to Italy in 2023:
|
Month |
Volume of supplies (million cubic meters) |
Value of supplies (euros) |
|
January |
732.7 |
842 722 785 |
|
February |
644.5 |
465 421 790 |
|
March |
818.9 |
486 051 445 |
|
April |
814.8 |
392 949 687 |
|
May |
764.2 |
365 837 824 |
|
June |
745.2 |
263 514 846 |
|
July |
743.2 |
259 418 802 |
|
August |
758.8 |
252 026 400 |
|
September |
800.5 |
310 552 281 |
|
October |
881.2 |
364 196 918 |
|
November |
838.2 |
619 228 632 |
|
December |
758.8 |
356 248 300 |
Azerbaijan initiated gas transportation to Europe through the Southern Gas Corridor on December 31, 2020. The Southern Gas Corridor transports gas from the Caspian Sea region to European countries via Georgia and Türkiye, with a project cost of 33 billion US dollars. It is expected that the capital costs for the Southern Gas Corridor will be fully recouped within 8–10 years.
In July 2022, Azerbaijan and the EU reached an agreement to double the volume of gas supplies via the Southern Gas Corridor from the current 10 billion cubic meters to 20 billion cubic meters by 2027.
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