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During 2014 Azerbaijani gas prices went down

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gass-400x300Azerbaijan State Customs Committee has released the data of has export during 2014.

            According to the Committee, last year 8,565,438,700 cub.m. of gas was exported, up 17.4% against 2013.

            However, export of the declared volume of gas totaled 1,825,686,076 cub.m. to the amount of $304,684,000. Considering this one can suppose that in 2014 Azerbaijan sold gas at an average price of $166.89 per 1000 cub.m.

            During 2013 Azerbaijan sold 1000 cub.m. of natural gas at an average price of $231.29. That time the declared volume of gas export totaled 3,035,062,680 to the amount of $701,980,200.

            Therefore, during a year the export price of gas of State Oil Company of Azerbaijan (SOCAR) decreased by 27.8%.

            During 2014 Azerbaijan delivered gas to Russia, Georgia and Iran in the basis of swap contracts for the needs of Nakhchivan Autonomous Republic (NAR).

   Export of gas from the Shah Deniz field is not declared by the customs agencies.

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