BAKU, Azerbaijan, October 16. The gas production from Azerbaijan's Shah Deniz field in the initial nine months of 2023 reached 19.7 billion cubic meters, as compared to 18.5 billion cubic meters in the same period in 2022, Trend reports.
As such, the volume of output at Shah Deniz rose by 6.5 percent year-on-year.
The data released by the country's energy ministry discloses that the field has cumulatively produced 202.5 billion cubic meters of gas since the commencement of development, up to October 1, 2023, with approximately 143 billion cubic meters of this volume designated for export.
Azerbaijan's overall gas production for the period stood at 36.1 billion cubic meters, reflecting a year-on-year increase of 1.7 billion cubic meters or 5 percent.
During this period, Azerbaijan's gas exports amounted to 17.8 billion cubic meters, a notable 9 percent rise compared to the same period in 2022. Europe received 8.6 billion cubic meters, while Türkiye and Georgia received 7.5 billion and 1.7 billion cubic meters, respectively. Of significance, the Trans Anatolian Natural Gas Pipeline (TANAP) facilitated the transportation of 4.3 billion cubic meters of gas to Türkiye.
The current production capacity of Shah Deniz's existing facilities stands at approximately 74 million standard cubic meters of gas per day, equivalent to about 27 billion cubic meters annually.
Key stakeholders in Shah Deniz include bp (operator - 29.99%), LUKOIL (19.99%), TPAO (19.00%), SOCAR (14.35%), NICO (10.00%), and SGC (6.67%).
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