Azerbaijan's gas production to surpass oil output by 2030, with gas exports to Europe doubling by 2027.

Azerbaijan's gas production is projected to exceed oil output, thanks to major projects and a 51% increase in gas output to 40 billion cubic meters per year by 2030, according to Rystad Energy. Key developments include the Shah Deniz Phase 2 scheme. Azerbaijan aims to double gas exports to Europe to 20 billion cubic meters by 2027, contingent on pipeline expansions and investments. In 2024, gas exports rose 4%, with Europe receiving 9.4 billion cubic meters.

October 14, 2024
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