BAKU, Azerbaijan, October 16. Italy has significantly increased its natural gas imports from Azerbaijan, with a year-on-year rise of nearly 12 percent, Eurostat, the statistical office of the European Union, told TurkicWorld
In July 2024, Italy imported over 832 million cubic meters of gas from Azerbaijan, compared to 743.2 million cubic meters in July 2023. The value of these imports reached 316.8 million euros, marking a 22 percent increase from 259.4 million euros during the same period last year.
From January to July 2024, Italy imported 5.7 billion cubic meters of Azerbaijani gas, valued at 1.96 billion euros. In comparison, during the same period in 2023, Italy imported 5.3 billion cubic meters of gas, though the value was higher at over 3 billion euros.
For the whole of 2023, Italy imported a total of 9.3 billion cubic meters of natural gas from Azerbaijan, worth 4.97 billion euros.
Azerbaijan began exporting gas to Europe on December 31, 2020, through the Southern Gas Corridor, which transports gas from the Caspian Sea region to Europe via Georgia and Türkiye. In July 2022, Azerbaijan and the European Union agreed to double gas supplies through this corridor, aiming to increase volumes from 10 billion cubic meters to 20 billion cubic meters by 2027.
