Azerbaijan to start gas supplies to another European country

12:17 - 22.11.2023

November 22, Fineko/ In 2024-26, Serbia will buy up to 400 million cu m of gas from Azerbaijan annually, and from 2027 supplies will increase up to 1 bcm, ABC.AZ reports, quoting Serbian Minister of Mining & Energy Dubravka Djedovic-Handanovic.

According to the minister, all issues with Azerbaijan for obtaining gas have already been resolved.

SOCAR and Srbijagas signed an agreement on the supply of Azerbaijani gas to Serbia starting from 2024 in Baku on November 15, 2023.

Thus, Serbia will become the 8th country to buy Azerbaijani gas.

In 2022, Azerbaijan increased gas exports by 18% up to 22.3 bcm, supplies to Europe reached 11.4 bcm (+39%).

In 2023, gas exports from Azerbaijan are planned at the level of 24.5 bcm, of which about 12 bcm are to Europe.

Currently, the buyers of Azerbaijani gas in Europe are Italy, Greece, Bulgaria and Romania. By the end of 2023, deliveries will begin to Hungary.

In addition, Türkiye and Georgia buy Azerbaijani gas.

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