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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On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.
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During the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc. The meeting underscored the ongoing collaboration between Goldman Sachs and Azerbaijan's financial institutions, notably the Central Bank of Azerbaijan and the State Oil Fund.
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At the World Economic Forum in Davos, Azerbaijan's Minister of Economy, Mikayil Jabbarov, participated in the session titled "Leaders’ Circle: Financing the Energy Transition – A New Horizon." Jabbarov emphasized discussions on existing opportunities and major challenges in achieving successful energy transformation, underscoring the critical importance of financing the energy transition.
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As the global meat industry undergoes subtle transformations, Azerbaijan's meat market is poised for significant growth, reflecting both international trends and unique domestic factors.
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