Azerbaijan receives 1.7bln cu. m. of gas from Shah Deniz
Azerbaijan, Baku, Oct. 16 / Trend /
In January-October, Azerbaijan received 1.7 billion cubic meters of gas from gas condensate field Shah Deniz compared to about 904 million cubic meters over the same period in 2009, SOCAR reported.
About 477.8 million cubic meters of the total amount of gas received in January-September fall to SOCAR in the project of Shah Deniz and the rest - over 1.2 billion cubic meters of gas from the field was bought by SOCAR.
The contract to develop the offshore Shah Deniz field was signed June 4, 1996. Participants to the agreement are: BP (operator) - 25.5 percent, Statoil Hydro - 25.5 percent, NICO - 10 percent, Total - 10 percent, LukAgip - 10 percent, TPAO - 9 percent, SOCAR-10 percent.
Now gas is transported to Georgia and Turkey via the South Caucasus gas pipeline.
It is expected to receive 7.84 billion cubic meters in the field this year, peak production forecasted at over 8.6-9 billion cubic meters. It is planned that in the second stage of field development, gas production can be brought up to 25 billion cubic meters a year.