BAKU, Azerbaijan, August 1. In the first six months of 2024, the South Caucasus Pipeline spent around $37.3 million in operating expenditure and about $8 million in capital expenditure in total, as compared to $39 million and $3 million, respectively in 1H2023, Trend reports via bp.
As such, the opex dropped by 4.4 percent, while the capex rose by 2.7 times year-on-year.
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.
During the first half, the daily average export throughput of the SCP was 63.1 million cubic metres of gas per day.
SCPC shareholders are: bp (operator – 29.99%), SGC (21.02%), LUKOIL (19.99%), TPAO (19.00%) and NICO (10.00%).
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