Baku, Azerbaijan, Dec. 24
By Azad Hasanli – Trend:
Work on the development of the second stage of the Azerbaijani Shah Deniz gas and condensate field has been completed by 87 percent, reads the article of Azerbaijan’s Economy Minister Shahin Mustafayev, published by official press on Dec. 24.
The minister reminded that the foundations for the Southern Gas Corridor project and the Trans-Anatolian Natural Gas Pipeline (TANAP) project were laid in 2014 and 2015, respectively.
Mustafayev also noted the significance of the Southern Gas Corridor project which is being implemented under Azerbaijan’s initiative.
“The Southern Gas Corridor project envisages full-scale development of the Shah Deniz gas and condensate field, production and supply of Azerbaijani gas to European markets through appropriate infrastructure. This project will make a valuable contribution to strengthening of Europe's energy security," he said.
The minister added that 72 percent of work to expand the South Caucasus Pipeline, 60 percent of work to construct TANAP and 30 percent of work to construct the Trans Adriatic Pipeline (TAP) has been completed.
Reserves of the Shah Deniz field are estimated at 1.2 trillion cubic meters of gas and 240 million tons of condensate.
Shah Deniz Stage 2 will add a further 16 billion cubic meters per year of gas production to the approximately 9 billion cubic meters per year produced by Shah Deniz Stage 1.
The gas will be exported to Turkey and European markets through expansion of the South Caucasus Pipeline and the construction of TANAP and TAP.