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Azerbaijan energy report

Azerbaijan energy report
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Format
2 files (PDF report, Excel file)
Pages
31 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY COMPANIES
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY

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890 €

Overview

This analysis includes a comprehensive Azerbaijan energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.

Highlights

  • The first NDC set a commitment to reduce GHG emissions by 35% in 2030 compared to 1990.
  • The wind and solar capacity in 2020 was much lower than planned.
  • State electricity company Azerenerji is the main player in the electricity sector.
  • Two consortia operated by BP dominate the hydrocarbon sector: AIOC for oil and Shah Deniz for gas.
  • Almost all the electricity is generated from gas (94% in 2020).
  • The country has substantial renewable potential, including hydropower.
  • Gasoline and diesel prices are low, compared to the EU average or Turkey.
  • Per capita consumption is rather low and equals about half of the CIS region average.
  • Total energy consumption, of which two thirds is gas, increased by 9% in 2019.
  • The country is expanding its gas export capacities and is starting to develop renewable projects.

94%

share of gas in power mix in 2020

+45%

gas production increase since 2017

x2

gas exports since 2012

  • Institutions & Energy Policy

    The Ministry of Energy is the central executive authority responsible for implementing energy policy.

    The "Tariff Council" regulates the prices of commodities and services under a monopoly situation, including energy prices.

  • Energy Companies

    Electricity:

    Azerenerji is Azerbaijan's public vertically integrated electricity company. It was transformed into a public holding company in 1996, and should be privatised once it has been able to produce sufficient profit to reimburse its debts.

  • Energy Supply

    Oil:

    Oil production has been decreasing regularly since 2010, by around 4%/year, from 51 Mt to 34.5 Mt in 2020 (-32%). Previously, foreign investments greatly boosted the country's oil production, which more than tripled between 2004 and 2010, partly with the start of the Shah-Deniz field in 2006.

  • Energy Prices

    Oil:

    The sale of oil products is organised by the State Committee for Fuels, which buys products from the refineries at a price that covers the cost of production plus a margin. It then sells the products at a price that includes excise duties, VAT and a tax that goes to the Road Development Fund.

  • Energy Consumption

    Per capita consumption is around 1.5 toe in 2020, including 2 170 kWh of electricity.

    Total energy consumption increased at the rapid pace of 4%/year between 2010 and 2016; it remained stable throughout 2016-2018 (14 Mtoe), increased by 9% in 2019 and dropped by 3% in 2020 to 15.5 Mtoe.

  • Issues & Prospects

    Three objectives are to be met in the future in the hydrocarbon sector: the development of oil and gas resources; the retrofitting of the petrochemical industry; and the development of the infrastructure to facilitate exports and to promote Azerbaijan as a crossroads for transits to Europe.

  • GRAPH 1: CO2-energy Emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2020, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2020, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Electricity prices for industry and households (US$c/kWh)
  • GRAPH 7: Consumption trends by energy source (Mtoe)
  • GRAPH 8: Total consumption market share by energy (2020, %)
  • GRAPH 9: Final consumption market share by sector (2020, %)
  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.

The Azerbaijan energy market data since 1990 and up to is included in the Excel file accompanying the Azerbaijan country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Azerbaijan Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Azerbaijan energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

The Azerbaijan country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.

Data included in the excelsheet:

  • New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
  • Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.