Home Economy Oil&Gas Azerbaijan expands its electricity export footprint in Russia Oil&Gas Materials 14 August 2026 04:13 (UTC +04:00) Sadig Javadov Read more BAKU, Azerbaijan, August 14. Electricity exports from Azerbaijan to Russia rose in the first half of 2026. This was announced in a report published by the Azerbaijani State Statistical Committee.
According to the report, during the mentioned period, Azerbaijan exported 64.6 million kWh of electricity to Russia. Compared to the same months of 2025, Azerbaijan's electricity exports to Russia grew by 3.5 million kWh, or 5.8%, in volume and by $205,000, or 7.5%, in value. Meanwhile, during the first six months of 2026, Azerbaijan imported 38 million kWh of electricity worth $1.5 million from Russia.
This figure, in value terms, was $95,000, or 6.7% more, and in volume, 3.48 million kWh, or 8.4% less, than the same period last year. In total, from January through June 2026, Azerbaijan exported 12.43 billion cubic meters of natural gas (in gaseous form) to 8 countries, worth $4.1 billion. This represents a decrease of $436.46 million, or 9.6%, in value, and an increase of 65.8 million cubic meters, or 0.5%, in volume, compared to the same period last year. (function(containerId) { if (typeof window.loadAdVideoZL === 'undefined') ) .catch(reject); }); } window.loadAdVideoZL.then((initAdVideoZL) => ); })('ad-video-container-6a7e76ab04c76'); In addition, during the first six months of 2026, Azerbaijan imported natural gas (in gaseous form) from only one country — Iran — in the amount of 193.18 million cubic meters, valued at $13 million.
During the same period last year, Azerbaijan imported 208.24 million cubic meters of natural gas from two countries — Russia and Turkmenistan — worth $31.98 million. Thus, compared to the same period last year, natural gas imports to Azerbaijan decreased by $18.9 million in value, or 59.3%, and by over 12 million cubic meters in volume, or 5.9%. Meanwhile, Azerbaijani and Russian officials also expressed interest in expanding economic cooperation between the two countries.
Following a meeting with Azerbaijani Foreign Minister Jeyhun Bayramov in Moscow this month, Russian Foreign Minister Sergey Lavrov stated that the parties discussed increasing trade, expanding direct investment, and cooperation on the western branch of the North-South International Transport Corridor. We noted a mutual interest in further increasing trade volume in the future. Last year, the volume of bilateral trade reached about $5 billion.
Russia remains one of Azerbaijan’s main economic partners. There is significant potential for increasing trade volume and expanding direct investment. The volume of Russian investment in Azerbaijan amounts to about $11 billion.
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