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Caspian upstream: 5 things to look for in 2023

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07 December 2022

Caspian upstream: 5 things to look for in 2023

Report summary

From Central Asia to Azerbaijan, the Caspian region enters 2023 with risk management at the top of the agenda. The repercussions of Russia’s invasion of Ukraine are here to stay, from oil and gas export dynamics to increased logistical burdens. But the Caspian upstream sector is not only defined by its challenges. It remains home to large-scale opportunities for international and regional investors alike. Powered by Lens Upstream, we assess the five main regional themes to follow in 2023.

Table of contents

  • Executive summary
  • 1. Major project start-ups will support near-term volume growth
  • 2. Export routes for Kazakh oil and Azerbaijani gas will be scrutinised
  • 3. Continued geopolitical aftershocks from Russia’s war in Ukraine
  • 4. Kazakhstan will confront its looming gas shortfall
  • 5. Leading low-carbon project concepts may sink or swim
    • Global
    • Regional

Tables and charts

This report includes 5 images and tables including:

  • Caspian region production (liquids and marketed gas)
  • Azerbaijan - key pre-FID export-focused gas projects
  • Caspian region upstream capital expenditure
  • Kazakhstan gas supply-demand balance
  • Caspian region upstream emissions (scope 1 and 2)

What's included

This report contains:

  • Document

    Caspian upstream: 5 things to look for in 2023

    PDF 1.02 MB