Azerbaijan, Baku, August 14 / Trend /
In January-July, Azerbaijan received from Shah Deniz gas field approximately 763.6 million cubic meters of natural gas compared to more than 1.2 billion cubic meters during the same period of 2008, SOCAR said.
Of the total amount received during the reported period, about 332 million cubic meters fall on participation of SOCAR in Shah Deniz project, and other part - about 432 million cubic meters of gas from this field were purchased by SOCAR.
The contract on development of off-shore Shah Deniz field was signed on 4 June 1996. The sides to the contract are ВР (operator - 25.5%), Statoil (25.5%), SOCAR (10%), LukAgip (10%), NICO (10%), Total (10%), and TPAO (9%).
Gas is presently transported to Georgia and Turkey via the South Caucasus Pipeline. The first development phase envisages producing an annual 9 billion cubic meters of gas.
Production will be increased to 20 billion cubic meters during the second stage to commence after 2014.
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