BAKU, Azerbaijan, November 5. In the first three quarters of 2024, the South Caucasus Pipeline (SCPC) spent around $60 million in operating expenditure and about $13 million in capital expenditure in total, Trend reports via bp.
This is while in the first three quarters of 2023, the operating and capital expenditure stood at $49 million and $4.5 million, respectively. As such, the opex and capex rose by 22.4 percent and 2.9 times, respectively year-on-year.
During the three quarters, the daily average export throughput of the SCP was 61.7 million cubic metres of gas per day, as compared to 60.5 million cubic metres of gas per day in the same period in 2023.
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%).
Follow the author on X: @Lyaman_Zeyn
