Azerbaijan energy report

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 2018 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.

Azerbaijan energy report
January 2020

2 files (PDF report, Excel file)

31 (Report only)

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  • 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


    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 production has decreased by 30% since 2010, from 51 Mt to 39 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


    Over 2015-2016, the price of electricity remained at US$5.9c/kWh for all customers, while it remained close to US$7.6c/kWh until 2014. Since 2017, it returned to its 2014 level at US$7.3c/kWh for industry and US$7.5c/kWh for households.


  • Energy Consumption

    Per capita consumption is around 1.4 toe in 2018, including 2 086 kWh of electricity.

    Total energy consumption increased at the rapid pace of 4%/year between 2010 and 2016; it remained stable throughout 2018 (14 Mtoe).

    The energy intensity of GDP has been decreasing sharply since 1990 (-5%) and is now 12% above the EU's level at purchasing power parity.

  • Issues & Prospects

    The hydrocarbon sector is driving the country's dynamic economic growth. Thanks to the investments made in the energy sector, the country experienced a growth of 25%-30%/year over the period 2005-2007 and around 10% in 2008 and 2009. Economic growth subsequently dropped to an average of 3.3%/year from 2010 to 2015, and was negative in 2016 due to the global drop in oil prices (-3%).

Table of Contents


Download the Table of Contents

List of Graphs

Below is a list of the Azerbaijan energy market report graphs:

  • GRAPH 1: CO2-energy Emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2018, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2018, %)
  • 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 (2018, %)
  • GRAPH 9: Final consumption market share by sector (2018, %)

List of Tables

In the Azerbaijan energy market report you will find the following tables:

  • 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.

Data (Excel Sheet)

The Azerbaijan energy market data since 1990 and up to 2018 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).

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