Bank Of Baku

Gas output to exceed 49 bln. cubic metres in Azerbaijan in 2024

Gas output to exceed 49 bln. cubic metres in Azerbaijan in 2024
# 03 November 2022 11:41 (UTC +04:00)

In 2024, gas production in Azerbaijan is forecasted to increase by 5,54% to 49 352,7 mln. cubic metres in comparison to the forecast indicator of 2023 (46 761,6 mln. cubic metres), according to the state budget envelope of the Republic of Azerbaijan for 2023, APA-Economics reports.

According to the document, 49 107,2 mln. cubic metres and 48 035,6 mln. cubic metres of gas will be produced in 2025 and 2026 respectively.

According to the forecast, 38 477,5 mln cubic metres of commodity gas will be produced in the country in 2024, which is 7,2% more in comparison to the forecast indicator of 2023 (35 900,3 mln. cubic metres).

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