Gas production from Shah Daniz to increase in 2024

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The Shah Daniz gas-condensate field located in the Azerbaijani sector of the Caspian Sea is predicted to produce 26.1 billion cubic meters of gas in 2024, 0.8 billion cubic meters, or 3.16%, more than the 2023 forecast, Report informs, citing the opinion of the Accounting Chamber on the SOFAZ's budget for next year.

Compared to the actual indicator of 2022, it is 2.1 billion cubic meters of barrels, or 8.75% more.

Next year, 33.8 million barrels of condensate are expected to be produced from the Shah Daniz field, which is 0.2 million barrels less than the 2023 forecast, the same as in 2022.

Economy