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Europe increased Azerbaijani gas import during the year

15 August 2024 12:15 (UTC +04:00)

In the period from January to July 2024, the EU imported a total of 93.0 bcm of PNG imports, which represented an increase of 5% when compared with the volume imported during the same period in 2023, APA-Economics reports citing the monthly gas market report of Gas Exporting Countries Forum (GECF).

This was driven by an increase of 3.1 bcm of imports from Russia, 1.4 bcm of imports from Norway, and 0.7 bcm from Azerbaijan, compared with the volumes imported in the same period in 2023. Both Russia and Azerbaijan continued to record y-o-y increases in PNG supply to the EU in each month of 2024 thus far.

Recall that from December 31, 2020, the transportation of Azerbaijani gas to Europe through the Trans-Adriatic Pipeline (TAP) began.