BAKU, Azerbaijan, February 4
Trend:
The proven gas reserves of Azerbaijan are known. It’s 2.6 trillion cubic meters, for the biggest is Shah Deniz – 1 trillion. I am sure there will be more, President of the Republic of Azerbaijan Ilham Aliyev said addressing the 8th Ministerial Meeting of the Southern Gas Corridor (SGC) Advisory Council, Trend reports.
"Because to look at our experience, with respect to oil and gas development, we always see bigger reserves and it was anticipated in the beginning of our journey due to new discoveries, and also due to new technologies. Because today, technology in this area is rapidly developing. Therefore, I am sure the proven reserves of Azerbaijani gas will be even more. Shah Deniz as I said, already is the main gas field in Azerbaijan and so far, the only contributor to the Southern Gas Corridor but other projects are also in the process. One of the biggest gas condensate field of Absheron hopefully will start production very soon, maybe less than in one year," Azerbaijani president.
"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," the head of state said.