Azerbaijan Key Figures
- Population:
- 10.3 million
- GDP growth rate:
- 4.10 %/year
- Energy independence:
- 100%
Data of the last year available: 2024
- Total consumption/GDP:*
- 45.7 (2005=100)
- CO2 Emissions:
- 3.52 tCO2/capita
- Rate of T&D power losses:
- 8.80%
* at purchasing power parity
View all macro and energy indicators in the Azerbaijan energy report
Azerbaijan Energy News
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Azerbaijan Energy Research
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Azerbaijan Total Energy Production & Consumption
Per capita consumption was around 1.7 toe in 2024, including 2 340 kWh of electricity. This is twice lower than the CIS average.
Total energy consumption decreased by 2% in 2024 to 17 Mtoe, mainly because of the higher hydropower production and the stability of the final consumption. It increased rapidly between 2010 and 2022 (+33%/year) and remained stable in 2023.
Despite a 6% drop in 2024 and a much lower level than the CIS average (42% below in 2023), the energy intensity of GDP remains 15% higher than in 2010.
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Source: Azerbaijan energy report
Interactive Chart Azerbaijan Total Energy Production & Consumption
Source: Global Energy & CO2 data
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
View the detailed fondamentals of the market at country level (graphs, tables, analysis) in the Azerbaijan energy report
Azerbaijan Oil Production & Consumption
Oil production has been decreasing since 2010, by around 4%/year, from 51 Mt to 29 Mt in 2024 (-4% in 2024). In the past, 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. The country is collaborating with the OPEC in reducing its crude oil production.
Source: Azerbaijan energy report
Interactive Chart Azerbaijan Crude Oil Production & Consumption
Source: Global Energy & CO2 data
Interactive Chart Azerbaijan Refined Oil Products Production & Consumption
Source: Global Energy & CO2 data
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
Additionally, for more detailed information on refineries, you can request a sample of our EMEA Refineries Dataset
Azerbaijan Natural Gas Production & Consumption
Gas production follows the commissioning of Shah Deniz phases and has more than doubled since 2018, reaching 39 bcm in 2024. Production, which halved between 1990 and 2003 (5 bcm), surged with the commissioning of the Shah Deniz 1 (SD-1) field in 2006 (17 bcm in 2008), ramped up to 20 bcm in 2018 (commissioning of Shah Deniz 2) and doubled until 2024.
Source: Azerbaijan energy report
Interactive Chart Azerbaijan Gas Production & Consumption
Source: Global Energy & CO2 data
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
Additionally, for more detailed information on the LNG trade, you can request a sample of our EMEA LNG Trade Dataset
Azerbaijan Renewable in % Electricity Production
The AREA (Azerbaijan Renewable Energy Agency) was created in 2020 to develop and implement renewable projects, along with various companies. The main objective of the agency is to increase the share of renewables in the power capacity up to 30% by 2030 (23% in 2024), as targeted in NDC (2023) and in the Socio-economic Development Strategy for 2022-2026 (2022).
Alternative energy projects are funded through the Azerbaijan Investment Company (AIC) that was established in 2006.
Companies operating in the renewable energy sector are exempt from customs duties and taxes.
Source: Azerbaijan energy report
Interactive Chart Azerbaijan Share of Renewables in Electricity Production (incl hydro)
Source: Global Energy & CO2 data
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
Azerbaijan GHG emissions and CO2 emissions
In its second NDC (2023), the country targets a 40% reduction in GHG emissions by 2050. It kept the objective of a reduction by 35% of GHG emissions by 2030 compared to 1990 set in its first NDC.
Under the 2023 Law on Energy, energy operators are required to take measures to reduce the amount of GHG released into the atmosphere as part of their activities.
According to the EDGAR data base, GHG emissions have increased by 66% since 1997, reaching 59 MtCO2eq in 2023 (LULUCF excluded), after a 46% reduction between 1990 and 1997. In 2023, they were 11% below their 1990 level.
Source: Azerbaijan energy report
Interactive Chart Azerbaijan CO2 emissions
Source: Global Energy & CO2 data
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
View the detailed consumption trends at country level (graphs, tables, analysis) in the Azerbaijan energy report