Business news from Ukraine

Azerbaijan cuts associated gas production by 3%

2 May , 2023  

Azerbaijan reduced associated petroleum gas production 2.9% year-on-year in Q1 2023 to 3.809 billion cubic meters, an oil and gas market source told Interfax.
The total included 985.81 million cubic meters of saleable gas, down 27.3%.
Associated gas accounted for 31.3% of Azerbaijan’s total gas production. Natural gas accounted for the remaining 68.7% and totaled 8.35 bcm.
Gas condensate production fell 1.5% to 1.289 million tonnes and accounted for 16.7% of total oil production. The remaining 83.3% or 6.434 million tonnes was crude oil.
The bulk of associated gas is produced at the Azeri-Chirag-Gunashli (ACG) fields, and most of it is re-injected into the reservoir to maintain pressure. The rest is supplied to State Oil Company of the Azerbaijani Republic (SOCAR) free of charge. Most of the condensate is produced at the Shah Deniz field, from where it is exported by the Baku-Tbilisi-Ceyhan pipeline.

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