Azerbaijan's gas exports see nearly 40 pct growth in 2021-Xinhua

Azerbaijan's gas exports see nearly 40 pct growth in 2021

Source: Xinhua| 2022-02-16 17:12:31|Editor: huaxia

BAKU, Feb. 16 (Xinhua) -- Azerbaijan has exported 18.9 billion cubic meters of gas in 2021, registering a 39.8 percent increase year-on-year, the country's energy ministry said in a recent statement.

The country's gas production registered 43.9 billion cubic meters last year, increasing by 18.1 percent from 2020.

Turkey was the largest market for Azerbaijan's gas in 2021, consuming 8.5 billion cubic meters.

Meanwhile, Azerbaijan has exported 28.1 million tons of oil in 2021, a 1 percent fall from 2020, the ministry said.

According to the statement, the country produced a total of 34.6 million tons of oil in 2021, falling 2.9 percent short of the forecast.

Last November, the government announced plans to raise the gas production output to 50 billion cubic meters by 2026.

The country slightly lowered its oil production forecast for the years 2024, 2025 and 2026. In 2023, the oil production is forecast to grow by 2.6 percent.

The price of a barrel of Azeri Light crude oil now trades at 99.70 U.S. dollars on world markets.