The recent discovery of a sizable, new natural gas field in the Caspian Sea is giving officials in Azerbaijan additional reason to cheer. But the discovery also is highlighting a dilemma for Baku – one in which the abundance of gas is currently offset by a dearth of export capacity.

It’s a problem that Azerbaijani officials are happy to have. The new gas field, discovered off the Absheron Peninsula, contains an estimated 350 billion cubic meters

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