Azerbaijan announces forecasts for oil and gas production and export in 2023

This year, oil production is forecast at 30.4 million tons, natural gas production is expected to be 47.2 billion cubic meters, and export at 24.5 billion cubic meters, Energy Minister Parviz Shahbazov said at the event dedicated to the 100th anniversary of the birth of national leader Heydar Aliyev titled "National leader Heydar Aliyev is the author of Azerbaijan's independent energy policy", Report informs.

The minister added that new projects will further increase Azerbaijan's export opportunities in the coming years: "This is also important for the development of the Southern Gas Corridor, which is the pinnacle of the independent energy policy promoted by the head of state. The Southern Gas Corridor is a unique project that will expand Azerbaijan's reliable partnership as a strategically important gas supplier in Europe.

"Over two years, 21 billion cubic meters of gas were supplied to Europe. Our main priority is to double the gas supply to Europe to 20 billion cubic meters in 2027."