Azerbaijan's Shah Deniz gas output hits 650 million cubic meters in January-May
Azerbaijan, Baku, June 17 / Trend /
Azerbaijan received 677.3 million cubic meters of gas from Shah Deniz gas and condensate field in January-may compared to 916.6 million cubic meters for the same period of 2008, SOCAR said.
Nearly 262 million cubic meters of this volume accounts for SOCAR share in Shah Deniz and remaining 415.3 million cubic meters from the field was bought by SOCAR.
The contract on development of off-shore Shah Deniz field was signed on June 4, 1996. The parties to the contract are ВР (operator - 25.5%), Statoil (25.5%), SOCAR (10%), LukAgip (10%), NICO (10%), Total (10%), and TPAO (9%).
The Shah Deniz gas is transported to Georgia and Turkey via South Caucasus pipeline. Over 9 billion cubic meters of gas will be produced as a part of the Shah Deniz-I.
Shah Deniz-II will begin in 2014. Nearly 20 billion cubic meters of gas is expected to be produced per year as a part of the Shah-Deniz-II.