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Azerbaijan Sees 2025 for Peak Natgas Production

NATURAL GAS

Azerbaijan’s production of marketable natural gas will reach its peak in 2025 at 36 bcm, according to Azerbaijan’s Economy Minister Mikayil Jabbarov.

  • Azerbaijan produced 34.96 bcm of marketable natural gas in 2022, a rise of 7.35% annually.
  • Total gas production is likely to be above the 36 bcm, as some of the gas produced is re-injected into the well.
  • BP led Azeri-Chirag-Gunashli (ACG) block delivered 1.5 bcm of natural gas in Jan-Sept to the Sangachal terminal or to Socar for domestic use, down from 2.2 bcm over the same period in 2022.
  • Total gas production from ACG was 9.6 bcm from Jan-Sept, compared to 10 bcm in Q1-Q3 2022.
Energy BulletsCommodities
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