Azerbaijan’s gas export to reach 40 bcm by 2025
Azerbaijan's gas export potential will reach 40 billion cubic meters by 2025, head of state oil company SOCAR Rovnag Abdullayev said on Sunday at an event on year-end results, Trend news agency reported.
"By 2020, the figure will be 25 billion cubic meters," Abdullayev said.
This statement is confirmed by discovery of new fields, such as Umid and Absheron.
Gas and condensate from Umid field is already being supplied to the overall network, and exploitation of Absheron field is likely to begin in 2020.
In 2020, Azerbaijan expects to increase gas production to 54 billion cubic meters. In 2012, gas production in the country hit 27.9 billion cubic meters, and last year, the country produced 25.7 billion cubic meters of gas.
Azerbaijan supplies gas to Russia, Iran, Turkey and Georgia
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!