We Expect Maybe In Four Years' Time, Maybe Less From New Phase Of Shah Deniz Additional Gas - President Ilham Aliyev
(MENAFN- Trend News Agency) SHUSHA, Azerbaijan, May 4. “First we expect
more gas from Shah Deniz. We expect maybe in four years' time,
maybe less from new phase of Shah Deniz additional gas,” said
President of Azerbaijan Ilham Aliyev as he addressed the 4th
international conference on“Shaping the Geopolitics of the Greater
Eurasia: from Past to Present to Future” organized by ADA
University to mark the 100th anniversary of National Leader Heydar
Aliyev in Shusha.
“We expect - already several years we expect - but I hope this
year we will get first gas from Absheron, which at the first phase
of Absheron will produce 1.5 BCM. And then we will have to decide
what will be the second phase and what will be the market whether
it will be the domestic market or international market. So, it's
just I don't want to bother you with too many details. Of course,
so called deep gas from ACG has great potential. And BP and SOCAR
are already actively working on that. It's a huge gas condensate
field, when I said 300 billion cubic meters this is minimum. Of
course big potential in Umid-Babek, which partly is developed by
SOCAR itself, but we are ready to work with international companies
also. And Karabakh oil fields which also has potential. So this is
a source of gas,” the head of state underlined.
MENAFN03052023000187011040ID1106169017
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.