Baku: Elm (Science), 2001. 186 pages.

ISBN 5-8066-1395-X.

It is signed in a seal 17.12.2001. Format 60x90 ¹/_16.

Volume 12,5 pp. Circulation 350.

Scientific editors:         the doctor of economic sciences, professor              A.S.Shakaraliev

Reviewers:                   the doctor of economic sciences, professor              M.C.Atakishiev

                                     Ph. D. in economics                                               Q.A.Safarov

                                     Ph. D. in philosophy                                               G.G.Ahmedov

With respect to the love-filled memory of beloved Matin.

In the next decades Azerbaijan is going to gain its complete status of a blue fuel producer and exporter in the world’s energy balance, as a competency capable gas supplier of the region and as an active participant in the European gas market. To create a significant transition to a natural gas era, which is considered to last longer than the oil epoch, initial strategic works in the republic were outlined. And the works around the first stage of mass production in the grandiose “Shahdeniz” deposit of Caspian Sea, conveying wide-scale character, have been completed. A construction of the huge west-orientated gas main, Baki-Tbilisi-Arzurum, has passed to the commercialization stage and the process of formation a new appropriate infrastructure has been started. Guarantee to the proper use of the new gas potential that is realized in superlative parameters, according to national interests conditions the preparation of conceptual national program. This program takes into account fundamental scientific research, empiric-theoretical analysis and long-term perspectives. Interpretation of the work of such a scale became subject of available research mission.

Monograph named «Natural gas potential of Azerbaijan: realities and virtual lines» was dedicated to the studied appointments, situational approach, to the evaluation of growing natural gas potential in the context of socializing market economy and genetic analysis. There are such issues as current situation of gas industry, integration and development trends. While expressing a grand economic circle that is related to natural gas of the country, monograph also describes the formation of a new prompt infrastructure and research of its global and local perspective capabilities in the wide technical-economical order.

In the researches necessity of broad inspection of resources and potential, re-establishment of the shunting common gas sector that covers vast circulation in a modern model of diversification, and the transition from production of electric power to systematic gas conditions were validated. These researches are carried out in a range of existed realities and virtual view. And the preparation of ecological program that provides internal and export gas balance and vast blue flow, and construction of private and mixed joint-stock cooperation in the sphere of processing, producing and provision are recommended too. In the monograph there are also conclusions appeared from the analysis on the common problematic issues such as parchment and LC system finance in the user network, application of advanced management technology in the management sphere. Application of separate gas fund and gas bank, establishment of self-contained institutions that increase control regime, security and rational work conditions belong to these matters too. It also discusses employment of know-hows in the service, drafting of long-term measure layouts that improve supply of power to the population and the research subject in investigation process.

- the proposals on formation of the optimal status of the oil-and-gas production enterprises with their being transformed into market subjects in long and medium-term;

- the essence of the progressive methods in the depreciation is discovered and expansion of its application is recommended;

- the necessity for expansion of the normative basis is substantiated in order to implement the new concrete forms, licensing and concessing in the national oil business;

- the fiscal policy in oil&gas industry is considered together with thr procedural results born by it along with methodic aspects in investment risk identification.