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Azerbaijan Oil & Gas Q4 2019

Azerbaijan Oil & Gas Q4 2019

Key View:

The outlook on Azeri gas is strongly bullish.The start-up of Shah Deniz II will raise dry gas and condensate productionover the coming quarters, with pipeline construction works progressing on schedule. In addition, Total has begun to award contractsfor Absheron and is targeting first gas in 2021. Renewed investment in the flagship ACG fields is helping to offset natural fielddecline, while a number of agreements for exploration and development works have been signed this quarter, signalling brighterlong-term prospects for production. The downstream sector will continue to underperform the upstream across our 10-yearforecast period. However, upgrade and expansion works will help somewhat to improve prospects for fuels production andexports.The demand outlook is also somewhat improved, as the economy continues its broader recovery. However, GDP growth willremain below its historical averages, while a slowdown in population growth will drag on consumption overall.


Key View
SWOT
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Upstream Projects
Upstream Oil Production
Upstream Gas Production
Refining
Refined Fuels Consumption
Gas Consumption
Oil Trade
Gas Trade
Industry Risk/Reward Index
CEE Upstream Oil & Gas Risk/Reward Index
CEE Downstream Oil & Gas Risk/Reward Index
Azerbaijan Upstream Oil & Gas Risk/Reward Index
Azerbaijan Downstream Oil & Gas Risk/Reward Index
Market Overview
Azerbaijan Energy Market Overview
Azerbaijan Oil & Gas Infrastructure Overview
Company Profile
SOCAR
Regional Overview
CEE Oil & Gas Regional Overview
Oil & Gas Glossary
Oil & Gas Methodology

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