Production at the Shah Deniz gas condensate field in the Azerbaijani sector of the Caspian Sea is expected to increase in 2021, Azertag reported with reference to the draft budget of the State Oil Fund for 2021.

The supply of gas from the Shah Deniz field to the European Union has commenced. It is a big step forward for energy security, the Prime Minister of Georgia, Giorgi Gakharia, said on Tuesday, Trend reports citing 1tv.ge.

The annual gas production from the Shah Deniz field, which is the main source for the Southern Gas Corridor, is expected to reach 18.7 billion cubic meters this year and 25.3 billion cubic meters in 2023.

Azerbaijan increased gas production and export, while decreasing oil production and export during the period of January-October 2020.

The total production at the Azeri-Chirag-Guneshli (ACG) block of fields amounted to 132 million barrels during the three quarters of 2020, BP Azerbaijan has reported.

Azerbaijan’s gas production is projected at 38 billion cubic meters in 2020, and is expected to reach a peak of approximately 50 billion cubic meters in 2024, Energy Minister Parviz Shahbazov said on November 11.

Azerbaijan increased gas production and export, while decreasing oil production and export during the period of January-September 2020.

Azerbaijan's Southern Gas Corridor CJSC has invested approximately $10 billion in the Southern Gas Corridor project that takes Azerbaijan's energy resources to Euroepan markets, Trend reported with reference to Deputy Head of SOCAR’s PR and Event Management Department Ibrahim Ahmadov.

Azerbaijan increased gas production and export, while decreasing oil production and export during the period of January-August 2020.

Azerbaijan has produced over 129 billion cubic meters of natural gas and more than 29 million tons of condensate from its largest gas field Shah Deniz since its commissioning in 2006, Azertag reported with reference to SOCAR’s First Vice President Khoshbakht Yusifzade.