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SOCAR starts extraction of gas from underground storage facilities in Azerbaijan

Business Materials 31 October 2014 20:25 (UTC +04:00)
The SOCAR Company (State Oil Company of Azerbaijan) extracted 47.45 million cubic meters of gas within the framework of the early gas extraction season from the underground storage facilities in Azerbaijan

Baku, Azerbaijan, Oct.31

By Emil Ismayilov - Trend:

The SOCAR Company (State Oil Company of Azerbaijan) extracted 47.45 million cubic meters of gas within the framework of the early gas extraction season from the underground storage facilities in Azerbaijan, a source in the SOCAR Company told Trend Oct.31.

Azerbaijan has two underground gas storage facilities, Kalmaz and Garadagh, which are on the balance of SOCAR.

Currently, gas extraction began only in Garadagh gas storage facility. The level of gas extraction on the storage is 10.6 million cubic meters, the interlocutor said.

Currently, the residual volume of gas in Garadagh storage slightly exceeds 1.7 billion cubic meters. This figure stands at 1.48 billion cubic meters in Kalmaz underground gas storage, he said.

By the end of last season of gas injection the volumes of gas in underground gas storage facilities in Azerbaijan exceeded 3.23 billion cubic meters, 1.75 billion cubic meters of which fell on the Garadagh storage, while 1.48 billion cubic meters fell on Kalmaz versus 3.43 billion cubic meters on the results of the previous season of gas injection.

The residual volume of gas in the underground gas storage facilities stood at nearly 1.38 billion cubic meters (746.43 million cubic meters in Garadagh and some 630.6 million cubic meters in Kalmaz), as a result of gas extraction from the storage facilities.

Azerbaijan's underground gas storage facilities are capable of storing over 3.5 billion cubic meters of gas.

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