Though some geopolitical conflicts may impede the progress, Azerbaijan is positioned to become one of the region’s key players in natural gas, analysis finds. A review from the U.S. Energy Information Administration finds Azerbaijan has been a legacy oil producer, with some fields in production since the early 1950s. Natural gas reserves, meanwhile, exceed 30 trillion cubic feet and most of that is in the Shah Deniz field, tapped to feed the European market . “Although historically an oil producer, Azerbaijan’s importance as a natural gas producer and exporter is growing,” EIA’s analysis said. A series of pipelines dubbed the Southern Corridor are planned for delivery of natural gas from the Shah Deniz reserve basin in the Azeri waters of the Caspian Sea. More […]