Country Desk

Azerbaijan

Energy, corridors & the Caspian

Azerbaijan anchors the region’s energy economy — SOCAR, Shah Deniz and the Southern Gas Corridor — and sits at the hinge of the Middle Corridor trade route. This desk tracks Caucasus Business Journal’s Azerbaijan coverage: energy, investment, corridors and diplomacy.

Azerbaijan at a glance

Capital & currency
Baku · Azerbaijani manat (AZN)
Energy
Gas reaches 16 countries; corridor push toward 20 bcm to Europe
National champion
SOCAR — BTC pipeline operator since July 2026
Next wave
Absheron gas lined up for 2029 exports with TotalEnergies & ADNOC’s XRG
US ties
$8bn+ in commercial deals signed with US companies in 2026
Corridors
Middle Corridor · Southern Gas Corridor · TRIPP link to Nakhchivan

Azerbaijan’s economy: frequently asked questions

What drives Azerbaijan’s economy?

Oil and gas remain the anchor — led by SOCAR, the Shah Deniz field and the Southern Gas Corridor — with growing diversification into transit, logistics, tourism and technology, including SOCAR’s push into AI and data centres.

Where does Azerbaijani gas go?

Azerbaijani gas reaches 16 countries. Italy is the largest European buyer, with Germany and Austria added in 2026, and corridor partners are working toward roughly 20 bcm of deliveries to Europe.

What is SOCAR?

SOCAR is the State Oil Company of Azerbaijan Republic — the wholly state-owned national energy company, and since July 2026 the operator of the Baku-Tbilisi-Ceyhan oil pipeline.

Which trade corridors run through Azerbaijan?

Three: the Middle Corridor (Trans-Caspian route) for cargo between China and Europe, the Southern Gas Corridor for gas to Europe, and the emerging TRIPP link to Nakhchivan and Türkiye.