BAKU, Azerbaijan, March 3. The Shah Deniz field
has produced a total of 267 billion cubic meters of natural gas and
52.7 million tons of condensate since its commissioning, with 87
billion cubic meters coming from the “Shah Deniz-2” phase, said
Vitaliy Baylarbayov, Deputy Vice President of the State Oil Company
of Azerbaijan (SOCAR), Trend reports.
Speaking at the 12th Ministerial Meeting of the Southern Gas
Corridor Advisory Council (SGC) and the 4th Ministerial Meeting of
the Green Energy Advisory Council (GEAC) in Baku, Baylarbayov noted
that the field is currently operating at peak capacity.
“Last year alone, 27.4 billion cubic meters of gas and 3.8
million tons of condensate were produced. Its stable and scalable
operations have created a solid foundation for the establishment of
the Southern Gas Corridor,” he said.
He highlighted that the European Union (EU) is facing structural
supply challenges. Over the past decade, domestic production has
declined by roughly two-thirds while consumption has remained
relatively stable, resulting in an import dependency of nearly
90%.
“In this context, the Southern Gas Corridor has become a
critical component of Europe’s energy system. The project opens a
fourth gas supply route for the EU, diversifying both sources and
supply paths. This strengthens energy security while providing a
cleaner alternative to more carbon-intensive fuels, supporting the
EU’s green transition goals and contributing to system stability
during the energy sector’s transformation,” Baylarbayov added.
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