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    Azerbaijan sees Gas Exports up in January



Azerbaijan exports more gas in January

by: Azerbaijan Desk

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Natural Gas & LNG News, Corporate, Import/Export, Caspian Focus

Azerbaijan sees Gas Exports up in January

Azerbaijan exported 885.5mn m3 of gas in January, the Azerbaijan state customs committee reported. This was up by 41.47mn m³, or 4.9%, on January 2015.

According to statistics, the average export price of Socar's gas stood at $188.53/'000m3.

State Socar exports gas to Iran – by means of swap deliveries to Nakhchivan – and Georgia; and the Shah Deniz consortium, of which Socar is also a member, exports gas to Turkey through the Baku-Tbilisi-Erzurum gas pipeline.

The customs committee does not publish the price that gas from Shah Deniz realises in Turkey.

According to the production-sharing agreement (PSA), Shah Deniz consortium does not declare its gas to customs, but just reveals the volume of transportation.

It seems some of the growth of Azerbaijan's export was due to the Shah Deniz consortium, because, since January 27, deliveries from the Shah Deniz field to the Georgian market increased.

Azerbaijan promised to increase deliveries to Georgia by a further 50mn m3 for the balance of this winter, or about 1.5mn m³/d.

In 2015 the Shah Deniz consortium extracted 9.9bn m3 of gas and this year it is planned to increase production up to 10.0-10.1bn m3.


Azerbaijan Desk