Cop29 host Azerbaijan set for major fossil gas expansion, report says

23 October 2024, The Guardian

The new report, produced by Urgewald and CEE Bankwatch, found Azerbaijan was set to increase its gas production by a third in the next decade, with fossil fuel companies forecast to spend $41.4bn (£31.9bn) on the country’s gas fields. Socar alone spent almost $300m on exploration for new oil and gas between 2022 and 2024, according to the report.

Read the full story here: https://www.theguardian.com/environment/2024/oct/23/cop29-host-azerbaijan-set-for-major-fossil-gas-expansion-report-says