Shah Deniz gas extraction to reach 26.1 bcm in 2024

16:23 - 8.12.2023


December 8, Fineko/abc.az. Gas production at Shah Deniz field (the Azerbaijani sector of the Caspian Sea) is projected at 26.1 bcm in 2024.

ABC.AZ reports that according to Accounts Chamber’s conclusion on SOFAZ Draft Budget 2024, this is 3.16% more than predicted this year.

Production at Shah Deniz is expected to reach 25.3 bcm by the end of 2023.

Condensate production at Shah Deniz in 2024 is projected at 33.8 million barrels against 34 million barrels by the end of 2023. Thus, the decline will be 0.6%. In 2023, Shah Deniz field is projected to produce 34 million barrels of condensate. And in 2022, this figure was at the level of 33.8 million barrels.

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