In January-November Azerbaijan produced 26,891.2 mcm of gas, which was 0.1% less than in the same period last year.
According to State Statistics Committee, in the same period Azerbaijan produced 17,024.8 mcm of marketable gas, which was 4.9% less than in January-November 2015.
In November of this year, Azerbaijan produced 1,534.1 mcm. In November 2015, Azerbaijan’s marketable gas production amounted to 1,676 mcm. That is the volume of marketable gas declined by 141.9 mcm, or by 8.5%.
The State Statistics Committee does not report the reason for the decline. -12B--
Economics
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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