Azerbaijan produces over 15 bn cubic meters of gas

Azerbaijan produces over 15 bn cubic meters of gas In January-November, Azerbaijan produced 15.7 bn cubic meters of marketable gas, according to the State Statistical Committee.  In 2011, Azerbaijan produced 25.7 bn cubic meters of gas. According to government forecasts, in 2012, the country is expected to produce 28.28 bn cubic meters of natural gas.  Read More

Estimated price of Shah Deniz-2 ups

Estimated price of Shah Deniz-2 ups   The cost of the Shah Deniz Stage 2 project is now estimated slightly higher than previously at $28 billion, SOCAR President Rovnag Abdullayev said during the meeting with the graduates of the summer school of the company. “We plan to implement scaled projects, one of which is the implementation of the stage 2 project. Within the project, we will also start broadening of the South Caucasus pipeline... Read More

Azeri gas output to reach 40bn cubic meters by 2025

Azeri gas output to reach 40bn cubic meters by 2025 Gas production in Azerbaijan will reach 40 billion cubic meters (excluding injection) by 2025, according to forecasts, president of Azerbaijan’s state energy company, SOCAR, Rovnag Abdullayev, said on September 07, 2012. He noted that the figure will be 20 billion cubic meters by 2015. Abdullayev said $50 billion has been invested in the PSA contracts in Azerbaijan so far.  Read More

Azerbaijan produces over 11bn cubic meters of gas

Azerbaijan produces over 11bn cubic meters of gas In January-August 2012, Azerbaijan produced 11,4bn cubic meters of marketable gas. Compared to the same period of last year, production of marketable natural gas has increased by 5.7%, according to the State Statistical Committee. In 2011, Azerbaijan produced 25,7bn cubic meters of gas. According to government forecasts, in 2012 the country is expected to produce 28,28bn cubic meters of natural gas.  Read More

1 trillion cm of gas extracted in Shah Deniz

1 trillion cm of gas extracted in Shah Deniz In 1997-2011, 1.9 bn barrels of oil were extracted from Azeri-Chirag-Guneshli fields, said the BP-Azerbaijan’s report on Sustainable Development. Along with summary of business activity of BP in Azerbaijan during 2011, performances in economic and social spheres were reflected in the report, APA reports. Report says that, 1 trillion cm of gas has been extracted from Shah Deniz so far.  Read More