Business news from Ukraine

Business news from Ukraine

Azerbaijan has increased gas supplies to Italy

1 October , 2024  

Natural gas supplies from Azerbaijan to Italy via the Trans Adriatic Pipeline (TAP) in January-July 2024 amounted to 6.075 billion cubic meters, which is 6.4% more than in the same period last year, the Italian Ministry of Environment and Energy Security reported.

The country imported a total of 35.273 billion cubic meters of natural gas in the first seven months of this year – 4.3% less than a year earlier. At the same time, the share of Azerbaijani gas accounted for 17.2%.

According to the agency, in July, Azerbaijani gas supplies to Italy amounted to 905 million cubic meters (an increase of 12.2% compared to July last year), or 21.5% of the total imports of natural gas, which is estimated at 4.201 billion cubic meters (a decrease of 1.8%).

In 2023, Italy received 9.988 billion cubic meters of gas from Azerbaijan via TAP (down 3.2% on the 2022 level). Azerbaijan plans to supply 9.6 billion cubic meters of gas to Italy in 2024. Azerbaijan started exporting gas to Europe on December 31, 2022.

 

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