Turkmen natural gas exports to Azerbaijan amounted to nearly $76.9 million.

Azerbaijan imported more than 614.15 million cubic meters (mcm) of natural gas from Turkmenistan in January-September 2022, the Interfax-Azerbaijan news agency reported on Tuesday with reference to the Azerbaijani Government.

Turkmen natural gas exports to Azerbaijan during the period amounted to nearly $76.9 million.

In the first nine months of 2022, Azerbaijan imported a total of more than 680.24 mcm of natural gas, a 50.5 percent more compared to the same period of last year. The imports of natural gas amounted to over $79.37 million, a 4.6-fold jump compared to the same period of 2021.

Turkmen gas accounted for 90.3 percent of the total natural gas imports, while the rest came from Iran – nearly 66.9 mcm for more than $2.5 million.

In January-September 2021, gas imports to Azerbaijan were carried out only from Iran.

Azerbaijan currently imports Turkmen natural gas in accordance with the trilateral gas swap agreement between Turkmenistan, Iran and Azerbaijan. The agreement provides for the supply of 1.5-2 billion cubic meters of Turkmen gas per year to Azerbaijan through Iran.

In early June 2022, Economy Minister of Azerbaijan Mikayil Jabbarov and Iranian Oil Minister Javad Ovji signed a memorandum of understanding in Baku, under which gas supplies from Turkmenistan to Azerbaijan via Iran will be doubled.

Business Turkmenistan