ACG, Shah Deniz gas production and export volumes revealed

The Azeri-Chirag-Guneshli field block, located in the Azerbaijani sector of the Caspian Sea, produced nearly 199 billion cubic meters of gas from its commissioning until September 1, 2022, Report informs, citing the Energy Ministry of Azerbaijan.

More than 174 billion cubic meters of gas were extracted from the Shah Deniz field from its commissioning until September 1 of this year.

During this period, 121 billion cubic meters of gas produced at the Shah Deniz field were exported.

ACG is the largest oil field block in Azerbaijan. The first production sharing agreement for the development of the deposit block was signed on September 20, 1994. On September 14, 2017, a new deal was signed on the joint exploitation of those fields and production distribution. This agreement envisages the development of the fields until the end of 2049.