Gas Supplies from Azerbaijan to Italy via TAP Increase in January 2024

Gas supplies from Azerbaijan to Italy through the Trans Adriatic Pipeline (TAP) in January 2024 reached 878 million cubic meters, marking a 3.1% increase compared to the same period in 2023. 

The Italian Ministry of Environment and Energy Security highlighted that in 2023, Italy received approximately 10 billion cubic meters of gas from Azerbaijan via TAP, reflecting a decrease of 3.2% compared to the previous year.

TAP, an extension of the Trans-Anatolian Pipeline (TANAP), transports gas from the Shah Deniz field in the Azerbaijani sector of the Caspian Sea as part of the "Stage-2" development project, which aims to supply gas to Europe.

Azerbaijan's Oil Exports Drop by 11.2% in January-February 2024

On March 18, data released by the State Customs Committee (SCC) of Azerbaijan revealed that oil exports from the country during January-February 2024 reached 4 million 595 thousand 490.11 tons. This represents a notable decrease of 11.2% compared to the corresponding period last year.

These oil exports amounted to $2 billion 826 million 58.64 thousand, a decline of 13.1 percent compared to the previous year.

During the specified period, oil's share of Azerbaijan's total export structure stood at 59.12%, a decrease from the 71.91% recorded in January-February 2023.

Furthermore, in January-February 2024, Azerbaijani oil found buyers in 16 countries, with Romania, Czech Republic, Poland, France, Germany, and Croatia newly joining the list last month.