BAKU, Azerbaijan, Jan. 23
By Anastasia Savchenko - Trend:
The volume of natural gas production at the Shah Deniz gas field in 2020 is forecasted to be 18.7 billion cubic meters, Trend reports referring to the report of Azerbaijan’s State Oil Fund (SOFAZ).
The forecasted indicator is 2.2 billion barrels more compared to 2019 (16.5 billion cubic meters).
Shah Deniz Stage 2 is the starting point of the Southern Gas Corridor, through which Caspian gas will first enter the European market. As part of the second stage of field development, additional 16 billion cubic meters of gas per year will be produced. Of these, 6 billion cubic meters will be delivered to Turkey, and 10 billion to Europe. During the peak period, gas production from the Shah Deniz field will reach 26 billion cubic meters of gas per year.
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