Energy - 2024
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Azerbaijan is currently negotiating with a number of European countries on gas supplies, President Ilham Aliyev said. The Southern Gas Corridor is currently operating at full capacity and if we want...
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Azerbaijani President Ilham Aliyev said that in 2024 it is planned to make an investment decision on the second stage of development of the Absheron gas condensate field in the Azerbaijani sector of t...
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Drilling of the first well for gas production from deep-sea gas formations of the Azeri-Chirag-Guneshli (ACG) block of fields is planned for the current year, the press secretary of BP-Azerbaijan (AC...
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In 2023, Azerbaijan increased gas exports by 5.3% to 23.8 bcm, compared to 2022, Energy Minister Parviz Shahbazov said.
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In 2023, oil and condensate production in Azerbaijan amounted to 30.2 million tons, a decrease by 2.47 million tons (more than 18 million barrels) or 7.4% compared to 2022, the operational data of t...
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In 2023, Azerbaijan increased gas production by 3.2% compared to 48.3 bcm compared to 2022, the press service of the Ministry of Energy reported. "According to operational data, 48.3 bcm of gas were p...
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The State Oil Fund of Azerbaijan (SOFAZ) has received the seventh tranche of a bonus in the amount of $450 million under a new contract signed in 2017 for the development of the Azeri-Chirag-Guneshli...
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Azerbaijani President Ilham Aliyev said that Baku attaches great importance to the development of renewable energy sources (RES) and will achieve its goals.
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Last October, the United States resumed importing Russian oil after a break of 1.5 years, purchased almost 37 thousand barrels of raw materials, and in November imported about ten thousand more barrel...
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Imports of Russian liquefied natural gas (LNG) to Spain increased by 35% in 2023 compared to 2022, the Spanish energy company “Enagas.” Russian LNG imports to Spain reached 72,690 gigawatt-hours (GWh)...
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European consumers sharply accelerated the pace of extraction from underground gas storage facilities (UGS), selected almost 900 mcm per day against about 500 million on the previous day, the Associa...










