Bank Of Baku

Azerbaijan to increase gas extraction by 16% during next 4 years

Azerbaijan to increase gas extraction by 16% during next 4 years
# 25 October 2011 09:16 (UTC +04:00)
According to forecasts, the gas extraction is expected to reach 28.280 bcm in 2012, 29.220 bcm – in 2013, 29.540 bcm – in 2014, 29.310 bcm – in 2015.

As it seems gas extraction is forecasted to increase by 16% in 2015. Annual average growth rate will be 4%.

Note that, Azerbaijan extracted 19.4 bcm of gas in January-September, 2011, down 3% from year earlier.

After operation of Shah Deniz 2 project (2017), gas extraction will reach 40 bcm, after 2020 – 50-60 bcm.
1 2 3 4 5 İDMAN XƏBƏR
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