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 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.

Azerbaijan energy report
January 2021
3 files (PDF report, 2 Excel files)
31 (Report only)

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  • The first NDC set a commitment to reduce GHG emissions by 35% in 2030 compared to 1990.
  • The installed capacity of wind and solar in 2020 was 14 times 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 (93% in 2019).
  • The country has substantial renewable potential, including hydropower.
  • Gasoline and diesel prices are low (around 1/4 and 1/3 respectively compared to the EU average and Turkey in 2019).
  • 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 hydrocarbon sector is key to Azerbaijan's prosperity. It accounts for more than 90% of the country's total exports.


share of gas in power mix in 2019


gas production increase in 2019


energy independence rate


  • 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


    Azerbaijan has important hydrocarbon reserves: 949 Mt for oil and 1 917 bcm for gas (at the end of 2019). Hydroelectric resources are relatively abundant (43 TWh) and only a small proportion is exploited. The wind and solar energy potentials are estimated at about 15 GW and 11 GW, respectively.

  • Energy Prices


    Since 2017, the price of electricity has remained stable at around US$6.5c/kWh for industry and US$5.3c/kWh for households.


  • 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.

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 (2019, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2019, %)
  • 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 (2019, %)
  • GRAPH 9: Final consumption market share by sector (2019, %)

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.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.

Data (Excel Sheet)

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:

  • 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.


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