BAKU, Azerbaijan, May 10. In the first quarter of 2024, the South Caucasus Pipeline (SCP) spent around $17.3 million in operating expenditure and about $1.2 million in capital expenditure in total, Trend reports via bp.
This is while in the first quarter of 2023, the SCP spent around $20 million in operating expenditure and more than $2 million in capital expenditure in total.
As such, the opex and capex on SCP dropped by 13.5 percent and 40 percent, respectively.
During the quarter, the daily average export throughput of the SCP was 61.7 million cubic metres of gas per day.
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.
SCPC shareholders are: bp (operator – 29.99%), SGC (21.02%), LUKOIL (19.99%), TPAO (19.00%) and NICO (10.00%).
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