President: 'We expect maybe in four years' time, maybe less from new phase of Shah Deniz additional gas'

"First, we expect more gas from Shah Deniz. We expect maybe in four years’ time, maybe less from a new phase of Shah Deniz additional gas," said the President of Azerbaijan, Ilham Aliyev, as he addressed the 4th international conference on “Shaping the Geopolitics of the Greater Eurasia: from Past to Present to Future” organized by ADA University to mark the 100th anniversary of National Leader Heydar Aliyev in Shusha, Report informs, citing AZERTAC.

"We expect - already several years we expect - but I hope this year we will get the first gas from Absheron, which at the first phase of Absheron will produce 1.5 BCM. And then we will have to decide what will be the second phase and what will be the market whether it will be the domestic market or international market. So, it's just I don't want to bother you with too many details. Of course, the so-called deep gas from ACG has great potential. And BP and SOCAR are already actively working on that. It's a huge gas condensate field, when I said 300 billion cubic meters this is the minimum. Of course big potential in Umid-Babek, which partly is developed by SOCAR itself, but we are ready to work with international companies also. And Karabakh oil fields which also have potential. So this is a source of gas," the head of state underlined.