Azerbaijan Natural Gas Exports Fall 4.8% in Value

The Government of Azerbaijan exported 16.378 billion cubic meters of natural gas valued at $5.711 billion between January and August 2026. Data from the State Statistics Committee shows this represents a 0.5% decrease in volume and a 4.8% drop in value compared to the same period in 2025.

Turkey and Italy remained the primary buyers, accounting for 39.5% and 34.2% of total exports respectively, though both countries saw declines in volume and value. In contrast, exports to Greece increased by 16%, while deliveries to Serbia fell by 37.3%.

Domestic extraction decreased by 0.5% to 33.407 billion cubic meters. The country also shifted its import strategy; while Azerbaijan previously imported gas from Russia, Turkmenistan, and Iran, all 2026 supplies came exclusively from Iran.