Bank Of Baku

IEA: Azerbaijan's gas production to reach 35 bln cbm

IEA: Azerbaijan
# 27 October 2022 16:55 (UTC +04:00)

 International Energy Agency unveiled its long-term forecast regarding Azerbaijan's gas production, APA-Economics reports citing IEA.

In accordance with the agency's known policy scenario (STEP- Stated Policies Scenario), Azerbaijan's gas production will reach 35 billion cubic meters in 2030, and will decrease up to 24 billion cubic meters in 2050.

According to the IEA's announced pledges scenario (APS-Announced Pledges Scenario), Although it is the same as the 2030 forecast for Azerbaijan's gas production, 5 billion cubic meters more, i.e. 29 billion cubic meters, has been determined for 2050.

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