BAKU, Azerbaijan, November 2. The South Caucasus Pipeline Company (SCPC) spent around $49 million in operating expenditure and about $4.5 million in capital expenditure in total during the first three quarters of 2023, a source at bp told Trend.
As such, operating expenditure has not changed, compared to the same period of 2022, although capital expenditure increased slightly by $0.5 million year-on-year ($4 million in during the first three quarters of 2022).
Meanwhile, the company noted that, during the three quarters, the daily average export throughput of the SCP stood at 60.5 million cubic meters of gas per day, up by 7.8 percent year-on-year (56.1 million cubic meters per day over the three quarters of 2022).
The SCP has been operational since late 2006, transporting Shah Deniz gas to Azerbaijan, Georgia and Türkiye. The expanded section of the pipeline commenced commercial deliveries to Türkiye in June 2018 and to Europe in December 2020.
The SCPC shareholders are: bp (29.99%), SGC (21.02%), LUKOIL (19.99%), TPAO (19.00%) and NICO (10.00%).
