Azerbaijan expects gas extraction to increase in 2027 with further decline

15:04 - 12.11.2026


November 12, Fineko/abc.az. In 2027, the overall natural gas production in Azerbaijan is projected at the level of 48.5 bcm (0.2% more than expected by the end of 2026). At that, according to the draft budget package for next year, commercial gas production will fall by 9.3% to 35.635 bcm.

Over Jan-Sept 2026, the country extracted 37.5 bcm of natural gas, including 28.58 bcm of commercial gas. Compared with the 2025 same term, total production decreased by 0.7% and commercial gas by 1.6%.

According to forecasts, by the end of 2026, the total volume of gas production will reach 48.437 bcm (6.4% less than the actual figure for 2025). Commercial gas extraction is expected to be 38.8 bcm (1.6% lower than last year's result).

In 2028, a more noticeable drop in production is predicted. The total natural gas extraction is expected to reach 45.523 bcm (6.6% less than the forecast for 2027). Commercial gas production is projected to decline by 7.5%, to 33.155 bcm.

The indicators are expected to recover in the next 2 years. In 2029, natural gas extraction is forecasted at 47.29 bcm and commercial gas production at 35.283 bcm. In 2030, those figures should amount to 48.63 bcm and 36.563 bcm, respectively.