94%
share of gas in power mix in 2020
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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 2020 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
94%
share of gas in power mix in 2020
+45%
gas production increase since 2017
x2
gas exports since 2012
Abstract
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.
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 2020 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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