Investments in South Caucasus Pipeline reach $2 million in first quarter
Azerbaijan, Baku, May 7 / Trend E. Ismayilov /
During the first quarter of 2013, the South Caucasus Pipeline (SCP) spent about $2 million in capital expenditures, BP's official report on the activity in Azerbaijan n Jan.-March said today.
For the full year it is planned to spend over $13 million in SCP capital expenditures compared to $11 million as of 2012.
During the first quarter, SCP's daily average throughput was over 11 million cubic metres of gas, or over 67,000 barrels of oil equivalent per day, the report said.
The length of the Baku-Tbilisi-Erzurum gas pipeline (South Caucasus Pipeline) exceeds 700 kilometres. The gas produced from the Shah Deniz field in the Azerbaijani sector of the Caspian Sea is transported via the pipeline. Azerbaijan is also a buyer of gas.