Azerbaijan wants to triple production at its Absheron field to meet Europe’s energy demands, President Ilham Aliyev said.
“We plan to work with partners to increase gas production at the Absheron field from 1.5 billion to 5 billion cubic meters annually,” Aliyev told reporters on January 7.
Aliyev also said the number of European countries purchasing Azerbaijani gas increased from 4 in 2022 to 12 in 2025. “We are negotiating with several other European countries regarding gas supplies. These are countries close to those already receiving our gas. I believe that supplying gas to these new countries will be possible in the coming years,” Aliyev explained.
“We are trying to help the EU with the gas shortage. However, we face a situation where European banks no longer finance fossil fuel projects. On the one hand, they ask us for additional supplies, but on the other hand, they deprive us of financial resources.”
Aliyev said the EU would have to consult more with Azerbaijan in order to reduce its dependence on Russian gas. “If the European Union needs more gas from us, they also need to do their homework. We are doing ours; they need to do theirs,” the Azerbaijani president went on saying. He stressed that Azerbaijan’s gas reserves that are estimated at 2.6 trillion cubic meters, has now increased, without giving specific number.
Key gas fields for Azerbaijani in 2025 are the existing Absheron, Shah Deniz and Azeri-Chirag-Gunashli gas fields, located approximately 100 kilometers southeast of Baku in the Caspian Sea.
