Azerbaijan Boosts Gas Exports To Europe

Amid a slump in EU gas prices, the continent is rushing to diversify its natural gas imports. Oilprice.com wrote yesterday that Russian gas giant Gazprom has seen its 2022 revenue and market share in Europe collapse as a result of Western sanctions. While Russia is busy trying to re-route exports to Asian consumers, Europe has ramped up gas imports from Azerbaijan.  Azeri gas supplies to Europe through the Trans Adriatic Pipeline (TAP) amounted 2.9 bcm in the first quarter of 2023. While this makes Azerbaijan a relatively small…