Shah Deniz gas output and tax revenues set to decline in 2027
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Azerbaijan's draft state budget for next year predicts a drop in natural gas and condensate production at the Shah Deniz field. This field is located in the Caspian Sea. The decline in production is expected to occur in 2027. This trend will likely lead to lower profit tax revenues from the project.
Natural gas and condensate production at Azerbaijan's Shah Deniz field in the Caspian Sea is expected to decline in 2027, accompanied by a reduction in profit tax revenues from the project, according to the country's draft state budget package for next year.