Azerigaz Production Union and Esyasoft signed a $480m contract to develop a smart gas network in Azerbaijan, aiming to enhance operational efficiency and customer satisfaction. The project spans 14 years and includes the installation of 2.5 million smart meters, digital sensors, and a modern control center. Consumers will benefit from precise billing and real-time usage tracking.

The contract signing, officiated by SOCAR president and other officials, underlines Azerigaz’s commitment to modernizing services. In related news, SOCAR has partnered with ExxonMobil and BP to continue oil and gas exploration in Azerbaijan, aiming to maintain oil production at around 582,000 barrels per day over the next five years with Western energy investments.

Read more at Yahoo Finance: Azerigaz and Esyasoft sign $480m Smart Gas Network contract