Bulgaria boosts gas imports from Azerbaijan 1.9-fold in H1 2024; Georgia cuts imports 50%

BAKU. Aug 21 (Interfax) - Turkey overtook Italy to lead countries purchasing Azerbaijani gas in January-June 2024, accounting for 41.7% of the total volume of gas exports from the country, Azerbaijan's State Statistics Committee told Interfax.

State Statistics Committee data indicate that Azerbaijan boosted gas supplies to Turkey 25% to nearly 4.965 billion cubic meters, down 0.4% to nearly $1.551 billion, in January-June 2024.

Italy placed second in purchases of Azerbaijani gas, accounting for 41.4%, and Bulgaria placed third, accounting for 7.3%.

Georgia again recorded a substantial drop of 50% in volumes and cost for gas deliveries.

Azerbaijan supplied gas to six countries overall in H1 2024, namely to Italy, Bulgaria, Greece, Serbia, Turkey, and Georgia.

Volume, 1,000 cubic meters Dynamics relative to Jan-June 2023 Share in total volume, % Revenue, '000 $ Dynamics relative to Jan-June 2023 EUROPE Italy 4 900 341.08 + 10.4% 41.4 1 949 946.26 - 63% Greece 472 974.02 + 21% 4 189 399.95 - 65.5% Bulgaria 864 401.93 + 1.9-fold 7.3 268 215.51 + 49.7% Serbia 23 012.92 - 0.2 7 995.82 - REGION Turkey 4 964 935.74 + 25% 42 1 550 931.61 - 0.4% Georgia 599 995.03 - 50% 5.1 102 057.98 - 50% TOTAL 11 825 660.72 + 7.9% 100 4 068 547.13 - 50%