Azerbaijan To Lift Natural Gas Output To 30 BCM In 2015

Azerbaijan To Lift Natural Gas Output To 30 BCM In 2015
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Τρι, 10 Απριλίου 2012 - 18:04
Azerbaijan plans to increase its natural gas production to 30 billion cubic meters in 2015 from 25.7 billion cubic meters last year, the head of state oil and gas company Socar, Rovnaq Abdullayev, said Tuesday.
Azerbaijan plans to increase its natural gas production to 30 billion cubic meters in 2015 from 25.7 billion cubic meters last year, the head of state oil and gas company Socar, Rovnaq Abdullayev, said Tuesday.

"This will increase the importance of
Azerbaijan in ensuring energy security of both the regional area and Europe ," Abdullayev said.

Azerbaijan could become an important source of gas for Europe , when the second phase of the huge Shah Deniz project in the Caspian Sea comes on stream in 2016.

The country's production may rise to 50 billion cubic meters a year in 2025, he said.

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