Baku, Azerbaijan, Aug. 11
By Azad Hasanli - Trend:
In the first half of 2015, the South Caucasus Pipeline (SCP) spent about $22 million in operating expenditure and $559 million in capital expenditure, said the BP's report on the result of its activity in Azerbaijan in the first half of 2015.
The capital expenditure on the gas pipeline was $325 million in the first half of 2014.
In the first half of 2015, SCP's daily average throughput was 20.34 million cubic metres of gas per day.
"A major milestone was achieved during the first half of 2015 with commencing the mainline construction in Azerbaijan at the end of June," said the report. "Since then, pipeline construction has continued to ramp up and approximately 10km of pipe has now been welded and a further 7km strung out along the right of way ahead of time."
The length of the Baku-Tbilisi-Erzurum (South Caucasus gas pipeline) is over 700 km. Gas produced from the Shah Deniz field in the Azerbaijani sector of the Caspian Sea is transported via the pipeline. The gas is supplied to Georgia and Turkey. Azerbaijan also is a buyer of gas.
Shah Deniz reserves are estimated at 1.2 trillion cubic meters of gas. The contract to develop the offshore Shah Deniz field was signed on June 4, 1996.
The SCP Co. shareholders are: BP (28.8 per cent), AzSCP (10.0 per cent), SGC Midstream (6.7 per cent), Petronas (15.5 per cent), Lukoil (10 per cent), NICO (10 per cent) and TPAO (19 per cent).
