Natural gas consumption in Azerbaijan: Is there room to export more?

This section describes the used variables and their sources. Natural gas consumption stands for the final consumed natural gas, in cubic meters. It is retrieved from Natural gas data, BP Statistical Review of World Energy (2022). Natural gas consumption data was converted to per capita terms using the population data. Population data is taken from World Bank Development Indicators (WB, 2022b). Income is proxied with GDP per capita, constant 2015 US$. This data is sourced from the World Bank database (WB, 2022a). Natural gas price data is weighted, real price data. It is calculated using two main elements of overall natural gas consumption, namely the residential and industrial 'sectors' shares. These two sectors comprise around 77 % of the overall final consumption of natural gas demand in 2021