SHAFAG

In January 2024, Azerbaijan increased gas production by 30 million cubic meters, said Minister of Energy of Azerbaijan Parviz Shahbazov on X, Trend reports.

"During this period, 2.3 billion cubic meters of gas were exported out of a total of 4.3 billion," he wrote.

In addition, the minister stressed that oil production for January amounted to 2.5 million tons, of which 2.1 million tons were sent for export.

After a sharp rise in fuel prices worldwide, new potential buyers of natural gas from Europe turned to Azerbaijan, Energy Minister of Azerbaijan Parviz Shahbazov told Bloomberg.

According to Shahbazov, governments and companies in the east and south of Europe have expressed interest in buying gas from Azerbaijan.