Gas production forecast reduced
By 2025 tank gas production in Azerbaijan will reach 40 billion cub.m., SOCAR President Rovnag Abdullayev said at the international conference “New Technologies in Oil and Gas Production” in Baku.
According to the forecasts, by 2015 tank gas production in Azerbaijan will reach 20 billion cub.m.
For three years running Azerbaijan produced 16.3-16.8 billion cub.m. of gas a year. By 2020 the country will hardly produce 20 billion cub.m. of gas, because of the problems with gas sales at the local and foreign markets. New markets are not expected by this time.
SOCAR specialists earlier forecasted that by 2025 the country will produce 50 billion cub.m. of gas a year. It seems like development of some gas fields, which have been recently discovered, is delayed or the pace of production growth will be limited, as it happened with the oil on ACG project. This is also, possibly, connected with problems with gas sales at the European markets (by that time part of the European market will be supplied with US slate gas and liquefied gas from Qatar and Africa).—0--
Economics
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