Azerbaijan to build new $3 billion pipeline
Azerbaijan, Baku, Nov. 30 / Trend T.Hajiyev /
A new gas pipeline worth $3 billion will be built in Azerbaijan to ensure the export of the country's increasing volumes of gas. BP announced today that the pipeline will be constructed to pump an additional 16 billion cubic meters of gas per year under the Shah Deniz-2 project, which involves the full-scale development of Azerbaijan's largest Shah Deniz offshore gas field.
BP Azerbaijan President Rashid Javanshir said the length of a new export pipeline will be 400 kilometers, and will run to the Azerbaijani-Georgian border. In Georgia, where two large compressors will be built, the pipeline will be connected to the existing South Caucasus Pipeline, which is now used to export gas from the first phase of the Shah Deniz project.
The total gas export volume within the full development of the Shah Deniz Field will reach 24 billion cubic meters per year. Gas transportation will be ensured through two pipelines.
Two offshore platforms will be build and 30 subsea wells will be drilled for the extraction of an additional 16 billion cubic meters of gas per year under the Shah Deniz-2 project.
Gas is transported to Georgia and Turkey via the South Caucasus Pipeline.
The contract to develop Shah Deniz was signed June 4, 1996. Participants are: BP (operator) - 25.5 percent, Statoil - 25.5 percent, NICO - 10 percent, Total - 10 percent, LukAgip - 10 percent, TPAO - 9 percent, and SOCAR - 10 percent.