Azerbaijan Sets 2026 Gas Price at $440 per 1,000 M³

In preparing the draft consolidated budget and state budget for 2026, the price of 1,000 cubic meters of natural gas was set at $440, based on data from BP, according to an opinion from the Chamber of Accounts on the 2026 budget of the State Oil Fund of Azerbaijan (SOFAZ).

This price is $198, or 81.8%, higher than it was in 2025, The Caspian Post reports, citing local media.

Meanwhile, the budget price of Azerbaijan's Azeri Light crude oil has been reduced by $5, from $70 per barrel to $65, as previously announced.