Azerbaijan’s natural gas output reaches nearly 30 bcm in 7 months

Azerbaijan produced about 29.5 billion cubic meters of natural gas during the first seven months of 2024, which is an increase of 1.3 billion cubic meters or 4.6% compared to the same period last year, Report informs, citing the country’s Energy Ministry.

Of that, 7.7 billion cubic meters of this gas came from the Azeri-Chirag-Gunashli (ACG) fields, 16.5 billion cubic meters from the Shah Deniz field, and 0.9 billion cubic meters from the Absheron field.

Additionally, the State Oil Company (SOCAR) produced 4.4 billion cubic meters.

During this period, gas exports amounted to approximately 14.7 billion cubic meters, a 5.7% increase year-on-year.

Specifically, around 5.8 billion cubic meters were sold to Türkiye, 7.5 billion cubic meters to Europe, and 1.4 billion cubic meters to Georgia. Notably, 3.3 billion cubic meters were transported to Türkiye via TANAP.

Since the commissioning of the ACG and Shah Deniz fields until August 1, 2024, a total of 641.4 million tons of oil (including condensate) and 449.5 billion cubic meters of gas have been produced. From the ACG fields, 594.4 million tons of oil and 224 billion cubic meters of gas were produced, while the Shah Deniz field yielded 225.5 billion cubic meters of gas and 47 million tons of condensate.

To date, approximately 639.5 million tons of oil (including condensate) and 160.7 billion cubic meters of gas have been exported from these fields.