Italy, Greece, Bulgaria cut gas imports from Azerbaijan 9.1% in Jan-May - Eurostat

BAKU. Aug 13 (Interfax) - European Union countries Italy, Greece and Bulgaria reduced gas imports from Azerbaijan 9.1% in January-May 2025 compared to the same period of the previous year, to 178,543 terajoules (TJ).

According to data from the EU statistical office (Eurostat), the value of gas supplied from Azerbaijan to EU countries during the reporting period amounted to 2.048 billion euros, up 28.1%.

Italy purchased 148,080 TJ of natural gas from Azerbaijan in January-May, down 9.3%, which were worth 1.761 billion euros (+30.8%), while Greece and Bulgaria together imported 30,463 TJ worth 287.234 million euros.

As reported, according to Eurostat, EU countries imported 466,998 TJ of natural gas from Azerbaijan in 2024, down 5.2% compared to the previous year, which were worth 4.348 billion euros (-29.4%).

Azerbaijan has gas supply contracts with 12 European countries - Italy, Greece, Bulgaria, Romania, Hungary, Serbia, Slovenia, Croatia, Slovakia, North Macedonia, Germany and Ukraine. Among these, long-term contracts with fixed supply volumes have been signed with Italy, Greece and Bulgaria, while a 10-year agreement with Germany's SEFE (Securing Energy for Europe) stipulates a gradual increase in annual supply volumes up to 15 TWh (approximately 1.5 billion cubic meters). Contracts without exact purchase volumes have been signed with the remaining countries.