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Survey of Energy Resources 2007

Natural Gas Country Notes

Azerbaijan

Proved recoverable reserves (bcm)

1 350

Production (net bcm, 2005)

5.7

R/P ratio (years)

>100


Azerbaijan is one of the world's oldest producers of natural gas. After years of falling production the outlook has been transformed by recent developments. Proved reserves of gas, as quoted by Cedigaz, have edged down from 1 370 to 1 350 bcm. Oil & Gas Journal and OAPEC opt for a lower level (circa 850 bcm). Marketed production in 2005 was 5.7 bcm, of which much the greater part came from offshore fields. About 42% of current gross production is reported to be flared or vented.