Azerbaijan eyes to greatly increase gas production

27/03/2019 09:42 Natural Gas


Azerbaijan plans to increase gas production to 47.6 billion cubic meters in 2025, Elshad Nassirov, vice president for marketing and investments of Azerbaijan’s state oil company SOCAR, said in an interview with Platts, Trend reports.

Azerbaijan’s gas output is set to increase by around 20 % this year, he said. Last year the country produced 30.49 billion m3 of gas, according to SOCAR figures, he added.


Nassirov said gas output will rise to 38 billion m3 in 2023 and to 47.6 billion m3 in 2025. Gas output at Shah Deniz 2 is set to reach 17 billion m3 by 2021, he noted.


These forecasts may increase as projects such as Shafag-Asiman, currently in the exploration stage, are developed, he added. The contract for the development of the Shah Deniz offshore field was signed on June 4, 1996. The proved reserves of the field reach 1.2 trillion m3 of gas and 240 million tons of condensate.


Russia blocks coal supplies to Ukraine through Belarus

11/10/2019 09:43:00

Ukrainian MP Mykhailo Volynets, who serves as the chairman of the Independent Trade Union of Miners of Ukraine, has said that Russia has begun blocking coal exports to Ukraine via Belarus, Kosatka Media has reported.


Statkraft scores 660MW Brazil double

11/10/2019 09:38:00

Norwegian energy company Statkraft has acquired two wind farms at an advanced stage of development in Brazil with a combined capacity of about 660MW.


Total wins new deep offshore block in Brazil

11/10/2019 09:36:00

French Total and its co-venturers Qatar Petroleum and Petronas have won the C-M-541 deep offshore block in the 16th Bidding Round held by Brazil’s National Petroleum Agency (ANP).