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16.12.2013 09:53

Optimistic forecast of representative of Azerbaijan Ministry of Energy

In 2015 Azerbaijan plans to increase the volume of tank gas up to 20 billion cub.m., reads the article by Ramiz Rzayev, chief of the Investment Department of Azerbaijan Energy Ministry, published in official press.
Rzayev claims that there are possibilities to double this index up to 40 billion cub.m. in 2025.
During 2012 Azerbaijan extracted 17.24 billion cub.m. of tank gas. This year the volume of gas is expected to be 17.5 billion cub.m.
The draft budget, which has been recently submitted to parliament for approval, envisages that in 2014 Azerbaijan plans to extract 27.36 billion cub.m. of tank gas and in 2015 27.23 billion cub.m. The government put this volume of gas together with associated gas, part of which is injected back into the oil wells. In 2012 total volume of gas production in Azerbaijan was 26.79 billion cub.m. Considering that, according to the governments forecasts, in 2015 the country must extract about 18 billion cub.m. of tank gas.
First of all, there are no resources to increase production up to 20 billion cub.m. and secondly, there is no market. Therefore, it is hard to believe the data of representative of the Energy Ministry published in official press.

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