Azerbaijan receives about 55 mln cubic meters of gas from Shah Deniz field in January

Oil&Gas Materials 18 February 2011 15:17 (UTC +04:00)

Azerbaijan, Baku, Feb.18 / Trend /

Azerbaijan received 54.5 million cubic meters of gas from the gas condensate field Shah Deniz in January compared to 277.9 million cubic meters in January 2010, SOCAR said
Roughly 28.8 million cubic meters of gas of the total amount received in January fall to the equity participation of SOCAR in Shah Deniz project, and the rest - more than 25.7 billion cubic meters of gas from the field were purchased 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.

At present, gas is transported to Georgia and Turkey via the South Caucasus gas pipeline.
The 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.