“Absheron” stage 1 will produce 1.5 billion cubic meters - President Aliyev

Ilham Aliyev, President of the Republic of Azerbaijan

© APA | Ilham Aliyev, President of the Republic of Azerbaijan

# 04 February 2022 22:21 (UTC +04:00)

"One of the biggest gas condensate field of Absheron hopefully will start production very soon, maybe less than in one year," said President of the Republic of Azerbaijan Ilham Aliyev at the 8th Ministerial Meeting of the Southern Gas Corridor (SGC) Advisory Council which was held at Gulustan Palace, Baku, on February 4, 2022, APA reports.

"And it will increase and it will be done in stages. “Absheron” stage 1 will produce 1.5 billion cubic meters, not a big amount, but I think it’s substantial for some countries. And that can also satisfy our own growing demands and also provide export opportunities. Another big field, which we hope that will also produce good results is “Babak” with estimated reserves of 400 billion cubic meters. “Umid” at least 200 billion cubic meters. And of course, we have big expectations from one of the oldest oil and gas fields, Azeri-Chirag-Gunashli. Its deep gas section, which I hope will soon be also in operation and it’s also hundreds of billions of cubic meters of gas, and can be extracted I think within a short period of time. So, this is today our potential and having diversified gas transportation network connecting us to four countries, to four our neighbors. Of course, after completion of the main export with Southern Gas Corridor, I think our plans will be implemented. But of course, we need to continue this team work. Southern Gas corridor project is over, but our job continues. I am sure that in a good spirit we will achieve new results," said President Ilham Aliyev.