93%
Share of gas in power mix in 2019
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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 2019 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.
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Highlights
93%
Share of gas in power mix in 2019
+28%
gas production increase in 2019
100%
energy independence rate
Abstract
Institutions & Energy Policy
The Ministry of Industry and Energy is the central executive authority responsible for implementing energy policy.
Since 2005 the "Tariff Council" has regulated 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 decreased by 25% since 2010, from 51 Mt to 38 Mt in 2019. 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
Electricity:
Since 2017, the price of electricity has remained stable at around US$6.5c/kWh for industry and US$5.3c/kWh for households.
Graph: ELECTRICITY PRICES FOR INDUSTRY AND HOUSEHOLDS (US$c/kWh)
Energy Consumption
Per capita consumption is around 1.6 toe in 2019, including 2 150 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) and increased by 9% in 2019 (16 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.
Below is a list of the Azerbaijan energy market report graphs:
In the Azerbaijan energy market report you will find the following tables:
The Azerbaijan energy market data since 1990 and up to 2019 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:
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:
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