Baku, Azerbaijan, June 10
By Aygun Badalova - Trend:
Gas production in Azerbaijan totaled 18.2 billion cubic meters in 2015, which is 3.4 percent more than the volume of production in 2014, according to BP Statistical Review of World Energy 2016 posted on the company's website.
The proven gas reserves in Azerbaijan as of early 2016 amounted to 1.1 trillion cubic meters, which accounts for 0.6 percent of global proven gas reserves, according to BP's estimates.
Gas consumption in Azerbaijan amounted to 9.8 billion cubic meters in 2015, which is 4.1 percent more than in 2014, according to BP review.
BP is the operator of the development project of large Shah Deniz Azerbaijani field, and the company's participation share in it amounts to 28.8 percent.
The contract for development of the offshore field Shah Deniz, which has gas reserves of 1.2 trillion cubic meters, was signed June 4, 1996.
In December 2013, a final investment decision was made in Baku on the Shah Deniz-2, which includes the production of an additional 16 billion cubic meters of gas per year.