In 2024, Azerbaijan has made significant strides in its natural gas exports, sending 11.7 billion cubic meters of gas to Europe in the first eleven months. A major portion of this—9 billion cubic meters—was directed to Turkey, with 2.2 billion cubic meters reaching Georgia. Additionally, the Trans-Anatolian (TANAP) pipeline, a key infrastructure project, facilitated the delivery of 5.1 billion cubic meters of gas to Turkey.
This export growth represents a roughly 5% increase compared to the same period in 2023. Azerbaijan, known for its abundant oil and gas reserves, plays a crucial role in supplying energy, particularly to southeastern European countries. The hydrocarbon sector is central to Azerbaijan’s economy, constituting over 90% of its export revenues and around 60% of state income.
Italy remains Azerbaijan’s largest trading partner, importing significant quantities of Azerbaijani oil and natural gas, particularly through the Trans-Adriatic (TAP) pipeline. However, plans to export Azerbaijani gas to Ukraine, aiming to replace Russian gas after the cessation of supplies in 2025, face significant challenges due to the technical complexities involved. Thus far, no substantial developments in this area have been reported, with the necessary technical conditions for such an arrangement appearing unfeasible at present.
