From January to March 2016 Azerbaijan extracted 7.5 bcm of gas, said Azerbaijani Energy Minister Natig Aliyev at the enlarged session of the Cabinet of Ministers devoted to the socio-economic development of the country in quarter 1, 2016 on Saturday.
Minister added that the extracted volume was 197 mcm above the forecast.
According to the Azerbaijan State Statistical Committee, in quarter 1, 2015 the country extracted 7,323,600,000 cub.m. of gas. Thus, in quarter 1, 2016 gas production was up 2.4% against the same period last year.
The government forecasts that this year gas production in Azerbaijan will be over 29 bcm, while tank gas production will be slightly over 19 bcm.—0—
Economics
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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Azerbaijan and Israel have agreed to establish a working group on the development of cooperation in the field of transport, Minister of Digital Development and Transport Rashad Nabiyev said on Friday on the social network "X".
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Discussions on "green energy" were held on November 22 in Istanbul, during the energy forum, involving Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, Georgia's First Deputy Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili, Bulgaria's Minister of Energy Rumen Radev, and Azerbaijan's Minister of Energy Parviz Shahbazov.
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A meeting between Azerbaijan's Minister of Energy Parviz Shahbazov, Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, and Bulgaria's Minister of Energy Vladimir Malinov took place on November 22 in Istanbul, within the framework of the international energy forum, according to Azerbaijan's Ministry of Energy.
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