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Azerbaijan increases gas, reduces oil transportation

Oil&Gas Materials 22 September 2015 12:23 (UTC +04:00)

Baku, Azerbaijan, Sept.22

By Maksim Tsurkov - Trend:

The South Caucasus Pipeline (Baku-Tbilisi-Erzurum) transported 4.27 billion cubic meters of gas in Jan.-Aug. 2015, compared to 4.1 billion cubic meters in the same period of 2014, said the report from Azerbaijan's State Statistical Committee on the first eight months of 2015.

A total of 14 billion cubic meters of gas was transported via the country's main gas pipelines in Jan.-Aug, compared to 14.4 billion cubic meters in the same period of 2014, according to the report.

The length of the Baku-Tbilisi-Erzurum gas pipeline exceeds 700 kilometers. The gas produced from the Shah Deniz gas and condensate field in the Azerbaijani sector of the Caspian Sea is transported via this pipeline. Gas is delivered to Georgia and Turkey.

Baku-Tbilisi-Ceyhan (BTC) oil pipeline transported 23.5 million tons of oil in Jan.-Aug. 2015, or 0.4 percent less than in the same period of 2014, said the report.

BTC accounted for 75.8 percent of the total volume of oil transported via the country's main oil pipelines in Jan.-Aug. 2015, according to the State Statistical Committee.

During the reporting period, the country's main oil pipelines transported 31 million tons of oil, or 6.1 percent less than in Jan.-Aug. 2014, said the State Statistical Committee.

The total length of the BТС is 1,768 kilometers including a 443 kilometer-long section running through Azerbaijan, a 249-kilometer long section in Georgia and a 1,076-kilometer long section in Turkey. The construction of the pipeline started in April 2003. It was filled with oil on May 18, 2005.

BTC Co. shareholders are: BP (30.1 percent), AzBTC (25 percent), Chevron (8.9 percent), Statoil (8.71 percent), ТРАО (6.53 percent), Eni (5 percent), Total (5 percent), Itochu (3.4 percent), Inpex (2.5 percent), ConocoPhillips (2.5 percent) and ONGC (2.36 percent).

Edited by SI

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Follow the author on Twitter: @MaksimTsurkov

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