Azerbaijan's tightening gas balance

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Report summary

Azerbaijan s flagship US$40 billion Southern Gas Corridor development is on schedule and on budget for first gas by end 2018. It will fulfil the country s strategic ambition of delivering Shah Deniz Phase Two gas beyond Turkey and into Europe. However it will be dedicated to export markets with no domestic sales. This comes at a time when a supply shortfall is expected in Azerbaijan. The country has been a net gas exporter since 2007 mainly to Turkey but has recently discussed Russian imports for the first time in a decade. Domestic demand pressures do not threaten the outlook for Shah Deniz Phase Two. But supply from pre FID offshore developments is needed to avoid a longer term shortfall.

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    Azerbaijan's tightening gas balance

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Table of contents

Tables and charts

This report includes 7 images and tables including:


  • 2015-16: Azerbaijan – key gas sector developments
  • 2015 energy demand by fuel
  • Gas demand by sector (2010-30)
  • Gas supply-demand balance (2015-30), excluding pre-FID projects
  • Potential post-2020 supply shortfall
  • New post-2020 sources of supply
  • Absheron: comparison of delivered costs (US$/mmbtu)

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