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Azerbaijan has increased natural gas production and added a connection to Europe

From eia.gov

Azerbaijan, a Eurasian country at the border of Eastern Europe and western Asia, increased its production of natural gas by 36%, or more than 200 billion cubic feet (Bcf), between 2017 and 2019. In addition, a new pipeline connection, completed in October 2020, increased the country’s access to European markets, according to our analysis of Azerbaijan’s energy sector. Much of the growth in Azerbaijan’s natural gas production was driven by the second phase of development of the Shah Deniz natural gas and condensate field. Located offshore in the Caspian Sea, Shah Deniz began production from its first development phase ... (full story)

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  • Category: Fundamental Analysis