BAKU, Azerbaijan, November 3. The daily average throughput of the South Caucasus Pipeline (SCP) over the first three quarters of 2022 amounted to 56.1 million cubic meters of gas per day, which is an increase of 19.8 percent, compared to the same period of 2021 (46.8 million cubic meters of gas per day), Trend reports with reference to BP.
“In the first three quarters of 2022, the SCP spent around $49 million in operating expenditure and around $4 million in capital expenditure in total,” the report said.
The SCP Co. shareholders are: BP (28.8 percent), TPAO (19 percent), PETRONAS (15.5 percent), AzSCP (10 percent), NICO (10 percent), LUKOIL (10 percent) and SGC Midstream (6.7 percent).
The SCP has been operational since late 2006, transporting Shah Deniz gas to Azerbaijan, Georgia and Turkiye. The expanded section of the pipeline commenced commercial deliveries to Turkey in June 2018 and to Europe in December 2020.
On 1 August 2021 the transition of the technical operatorship of the South Caucasus Pipeline Company (SCPC) from BP Exploration (Shah Deniz) Limited to SOCAR Midstream Operations LLC was finalized. The transition process which started in March 2020 was successfully completed in July 2021. Despite the challenges caused by COVID-19 BP and SOCAR worked in close collaboration to effectively implement all the aspects of the process.
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