New Gas Discovery Boosts Azerbaijan’s Energy Aspirations

Azerbaijan's promise to double its annual gas exports to Europe by 2027 may be a step closer to realization with the news that BP has found new gas reservoirs beneath its existing Azeri–Chirag–Gunashli oil field (ACG) in the Caspian Sea. BP has confirmed to Eurasianet that the appraisal well it drilled to a depth of 4,500 meters below the ACG field has identified "deep-lying gas reservoirs" and that production could start as early as next year. The company did not state the size of the reserves it had identified or how much gas it expected…