BAKU, Azerbaijan, March 12. Shah Deniz field offshore Azerbaijan has increased gas production in the first two months of 2024, Trend reports via the country’s energy ministry.
The volume of output from Shah Deniz stood at 4.5 billion cubic meters, as compared to 4.4 billion cubic meters in the same period in 2023, showing a 2.3 percent increase year-on-year.
This is while the Azeri-Chirag-Gunashli (ACG) block has produced 2.1 billion cubic meters, down from 2.2 billion cubic meters produced in the same period in 2023.
During this period, Azerbaijan exported 4.1 billion cubic meters of gas, unchanged from the first two months of 2023. The country exported 2.1 billion cubic meters to Europe, 1.4 billion cubic meters to Türkiye and 0.6 billion cubic meters to Georgia. Meanwhile, Türkiye imported 0.8 billion cubic meters of gas via the Trans-Anatolian Natural Gas Pipeline (TANAP).
Shah Deniz participating interests are: bp (operator – 29.99%), SGC (21.02%), LUKOIL (19.99%), TPAO (19.00%) and NICO (10.00%).
The existing Shah Deniz facilities’ production capacity is currently about 77 million standard cubic meters of gas per day or approximately 28 billion standard cubic meters per year.
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