MAJOR AZERBAIJANI GAS FIELD COMES ON STREAM
By empty (11/14/2006 issue of the CACI Analyst)
The first gas was extracted on November 10 according to the Azerbaijan State Oil Company. Shah Deniz holds estimated reserves of 1 trillion cubic meters of gas, and is expected to produce between 5-6 billion cubic meters in 2007 and 8 billion cubic meters the following year. It remains unclear how much of that gas will be used for domestic consumption and how much will be exported, and at what price, to Turkey and Georgia.Visit also
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