“I believe that in order to achieve new results, we must work together to coordinate and plan our future in good faith. The proven gas reserves of Azerbaijan are known: 2.6 trillion cubic meters. Of course, the largest field is Shah Deniz with one trillion cubic meters. I am confident there will be even more. If you look at our experience in developing oil and gas fields, you will see that we always end up with more reserves than initially expected. This is made possible by the discovery of new fields and new technologies. The reason is that technology in this area is advancing rapidly today. Therefore, I am confident that Azerbaijan will have even more proven gas reserves.
“As I said, Shah Deniz is the main gas field in Azerbaijan and so far the only one contributing to the Southern Gas Corridor. But there are also other projects being developed. Hopefully, production will soon be launched at one of the largest gas condensate fields, Absheron. It may even happen in less than a year. The work will be carried out in stages. At the first stage, 1.5 billion cubic meters of gas will be extracted at Absheron. It is not a very large amount. But I think it is an important indicator for some countries. It can meet our growing demand, as well as provide export opportunities,” the head of state pointed out.