Bank Of Baku

Azerbaijan’s gas output to reach 54 bcm in 2020

Azerbaijan’s gas output to reach 54 bcm in 2020
# 15 February 2011 09:36 (UTC +04:00)
According to him, Azerbaijan has turned into gas exporter in 2010, while it produced 9 bcm of gas in 2006 and was gas importer: “Azerbaijan’s gas output has reached 27 bcm, last year. Azerbaijan already exports gas to Russia, Iran, Turkey and Georgia. This index will double to 54 bcm, in 2020”.

He also noted that, Azerbaijan’s confirmed natural gas reserves make 2.2 trillion cm. Deputy Minister spoke about Shahdeniz II and Umid Field and noted that, reserves of Umid field is forecasted as 200 bcm.
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