Growing global demand for Azerbaijani gas will support the country's economic growth in 2025, this was stated in the UN's report on the global economy, SİA reports.
Noted that Azerbaijan and Kazakhstan are among the main energy exporters of the CIS: "Azerbaijan and Kazakhstan are among the major CIS energy exporters. In Kazakhstan, lower oil output in 2024 has been offset by robust growth in non-oil sectors. Although growth has softened somewhat in 2024, the economy is expected to regain momentum in 2025 as output from the large Tengiz oilfield is expected to expand. In Azerbaijan, economic growth has accelerated in 2024, supported by stronger domestic demand and non-oil sector activities. Rising global demand for the country’s natural gas is expected to support growth in 2025."
The report highlighted that strong domestic demand and growth in the non-oil sector in Azerbaijan accelerated economic growth in the country in 2024. Rising global demand for the country's natural gas is expected to support growth in 2025.
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