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Forecast: Natural gas extraction in Azerbaijan to increase

12.04.2021,17:23


April 12, Fineko/abc.az. According to the updated forecasts of the International Monetary Fund (IMF), this year the daily production of natural gas in Azerbaijan will amount to 670,000 barrels of oil equivalent, or 110.04 million cu m (an 8.1% increase compared with 2020).

ABC.AZ reports that this is stated in April’s issue of the IMF's Regional Economic Outlook report on the Middle East and Central Asia.

According to the Fund's forecasts, in 2022 the daily gas production will amount to 710,000 barrels or 116.61 million cu m.

In 2020 Azerbaijan produced 37.14 bn cu m of natural gas, and the daily production totaled 620,000 barrels or 101.83 million cu m.