SOCAR announces time of gas delivery from Shah Deniz-2 to Turkey and Europe

Istanbul, Turkey, Dec.6
By Abbas Akhundov - Trend:

The first gas produced during the second stage of development at the Azerbaijani gas condensate field Shah Deniz will be delivered to Turkey in 2018, president of State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev said on Dec.5 at panel discussions during the Caspian Forum in Istanbul.

The first gas will be delivered to Europe in 2019, Abdullayev said.

The gas will be delivered to Greece, Italy and Albania via the Trans-Adriatic gas pipeline.
The Azerbaijani gas will become an alternative supply source for Turkey and Europe and will increase the competition in the region and in the European market.

The company's plans are not confined to opening the Southern Gas Corridor and the transportation of Shah Deniz-2 gas through it, Abdullayev said.

"We consider the gas transportation from Shah Deniz as merely the first link in this chain," the SOCAR president said.

Currently, Shah Deniz and the European Commission are jointly working on the alternative option of delivering gas to Bulgaria, the company head said.

Azerbaijan enjoys over 3 trillion cubic meters of proven gas reserves. Additionally, several exploration projects are being implemented, according to Abdullayev.

"We can confidently say that Azerbaijan's total export potential will be brought to at least 40-50 billion cubic meters of gas by 2025. We believe that the major part of this gas can be transported to European markets, Abdullayev said.

A powerful gas transportation system, consisting of three parts - the South Caucasus Gas Pipeline, Trans-Anatolian gas pipeline (TANAP) and Trans Adriatic Pipeline (TAP), is required to supply this gas.

Abdullayev said that Azerbaijani gas will be initially transported via TANAP pipeline. In the future, gas of other manufacturers from the eastern part of the Caspian Sea will be supplied via this pipeline. After the sources and volumes of gas are increased, TAP gas pipeline will be expanded and a route through Bulgaria, Romania, Austria [Nabucco] will be created.

Abdullayev said that around 40 percent of the total cost of the project of transporting Azerbaijani gas to Europe worth $ 45 billion will be fall to the gas pipelines.

Two offshore platforms will be installed and more than 20 underwater wells will be drilled in order to produce additional 16 billion cubic meters of gas per year as part of the Shah Deniz-2 project.

Peak production at the field in the first stage of development is projected at nine billion cubic meters.

According to forecasts, the gas production can be brought up to 24 billion cubic meters per year as part of the second stage of the field development.

Shah Deniz reserves are estimated at 1.2 trillion cubic meters of gas.

The contract to develop the offshore Shah Deniz field was signed on June 4, 1996.
Participants to the agreement are: BP (operator) - 25.5 percent, Statoil - 25.5 percent, NICO - 10 percent, Total - 10 percent, Lukoil - 10 percent, TPAO - nine percent and SOCAR - 10 percent.

A consortium of Azerbaijani Shah Deniz gas condensate field development announced its choice of the TAP project in late June, as a gas transportation route to the European markets. The gas which will be produced in the second phase of Shah Deniz field, is considered as the main source of the project.

The initial capacity of the TAP pipeline will be 10 billion cubic meters per year with the possibility of expanding to 20 billion cubic meters per year. For the transportation of gas through Turkey's territory Trans-Anatolian (TANAP) gas pipeline will be constructed. TANAP will allow to deliver gas to the border with Europe.

Subscribe to Trend in Google News! Subscribe
Uzbekistan Airways opens tender related to local fire alarm system
Uzbekistan Airways opens tender related to local fire alarm system
Kazakhstan's main gas supplier to engage repair services via tender
Kazakhstan's main gas supplier to engage repair services via tender
Kazakh energy company opens tender to buy bitumen
Kazakh energy company opens tender to buy bitumen
Loading Bars
Latest
India perhaps only G20 country to fulfil...: India ahead of COP26 climate summit
U.N. plane aborts landing as air strike hits Ethiopia's Tigray
Relations with India stronger than ever, says Maldives Defence Minister
Chronicles of Victory: October 23, 2020
Iranian delegation leaves for Tashkent to observe elections
UK PM Johnson says fresh COVID lockdown not on the cards
2 soldiers, terrorist killed in northwestern Pakistan's clash
Pfizer/BioNTech COVID-19 vaccine shows 90.7% efficacy in trial in children
Belarus, Kazakhstan discuss joint efforts to maintain regional security
Georgia, Turkey to set up joint air force plant
TURKIC.World project presented at media forum of Turkic Council (PHOTO)
Iran boosts transit via TRACECA corridor
French court annuls "treaty" with illegal Armenian regime in Azerbaijan's Karabakh
Azerbaijan's MoD inspects combat positions in liberated Kalbajar, Lachin districts (PHOTO)
Uzbekistan Airways opens tender related to local fire alarm system
Iran looks to enhance road development in Ardabil province
Main countries of origin for tourists arriving in Georgia
Spanish Gedepsa interested in growing olive plantations in Uzbekistan
Azerbaijan reveals number of mines, munitions found on its liberated lands (PHOTO)
Overview of Uzbekistan's retail trade turnover dynamics between 2010-2020
When Karabakh road infrastructure to be fully ready?
Armenians propagate Nazi Nzhdeh and accuse Azerbaijan of racism (VIDEO)
Relations With India Stronger Than Ever, Says Maldives Defence Minister
Bennett-Putin meeting lasted five hours, was warm and positive
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 2,112 more COVID-19 cases, 882 recoveries
Australia says EU has postponed free trade talks for second time
Azerbaijan’s volume of non-cash payments continues to grow
Delta Galil files for Nasdaq offering
Azerbaijan's investment attractiveness increased after liberation of its lands - minister (PHOTO)
Turkmenistan reduces wheat imports from EAEU states
Azerbaijan’s wheat imports from EAEU countries revealed
Belarusian company to supply Azerbaijan with cables
Azerbaijan sees growth in its population's bank deposits in September 2021
Azerbaijan commissions recently built military facilities in its liberated lands (PHOTO/VIDEO)
Non-tourist trips to Georgia plummet
Kazakh Tengizсhevroil to reduce LPG supplies to Ukraine after polypropylene plant's launch
Iran to use domestic capacity for road fleet modernization
Azercell once again bestowed with ISO 37001:2016 Anti-bribery Management Systems standard of compliance
Azerbaijan reveals data on mine clearance work carried out in liberated lands
Azerbaijan’s cargo transportation by all types of transport decreases in 9M2021
Ukrainian companies interested in entering Turkmen market
EBRD, EU to provide loans for indirect financing of green technologies in Georgia
SOCAR-AQS exceeds drilling progress plan
President Ilham Aliyev sends congratulatory letter to Hungarian counterpart
Azerbaijan to expand co-op with Turkey in mine clearance – ANAMA
Uzbekistan signs agreement to put out former uranium mining sites
Iran eyes developing non-oil exports
India hopes to work with China for resolution of issues: Shringla
Azerbaijan’s Bulla Deniz produces over 54,000 tons of oil with technical measures
UK foreign secretary begins India visit today, to hold talks with Jaishankar
Uzbekistan to expand network of local duty-free shops
Azerbaijani SME agency ready to fully support alternative energy dev't
SOCAR sums up results of operation at Oil Rocks
Turkmenistan overhauling railways on border of Akhal, Balkan regions
SOCAR reveals time of commissioning 2nd production complex at Gunahsli field
Uzbek, Russian enterprises considering joint textile enterprises
Azerbaijan to start exporting locally-produced mineral water to Europe (PHOTO)
Azerbaijan not planning to transfer all schools online - ministries
SOCAR details on works carried out at Heydar Aliyev Oil Refinery in 2020
Progress on CAREC transport projects in Kazakhstan unveiled
Russia reports 37,141 COVID-19 cases in past 24 hours
Natural gas, coal prices to remain at high levels through start of 2022
FAO's representative office may be opened in Turkmenistan
Kazakhstan's main gas supplier to engage repair services via tender
Oil demand to reach its pre-pandemic level in 2022
Regional carrier SkyWest cancels 700 U.S. flights over technical woes
Georgian energy reform to create competitive market
Turkmenistan, UN talk co-op in food security
Turkmenistan, EU to intensify co-op in number of areas
Turkic states need to jointly fight disinformation campaigns - Azerbaijani president's assistant
Kazakhstan boosts monetary base indicators
Azerbaijan exceeds commitment under OPEC+ deal
Kazakhstan's TOP-3 trade partners for 8M2021 announced
Pushed by ‘Covid growth drivers’, India on course to be $5 tn economy by 2024-25, says Puri
BCCI could earn up to $5 billion from IPL broadcasting rights
Chip crunch to cut Renault's 2021 output by 500,000 cars
2020 became particularly significant year for Azerbaijani people - president's assistant
Azerbaijani oil prices fall
President Ilham Aliyev, First Lady Mehriban Aliyeva and their daughter Leyla Aliyeva attend inauguration of DOST Center for Inclusive Development and Creativity (PHOTO)
Kazakh energy company opens tender to buy bitumen
Uzbekistan Airports JSC cuts tariffs for foreign airlines
President Ilham Aliyev, First Lady Mehriban Aliyeva and their daughter Leyla Aliyeva view conditions created at new rehearsal building of National Gymnastics Arena (PHOTO)
Equinor, SOCAR mull opportunities for exploration at ADUA
Uzbekistan’s Jizzakh Automobile Plant eyes increasing production capacity
Kazakhstan reports increase in product transport via pipelines
Kazakh energy company opens tender to buy electrical goods
In 44-day war in Karabakh, we witnessed two-faced behavior of int’l media – Erdogan
Azerbaijan's main goal after victory is restoration of Karabakh - president's assistant
Creation of green zones in Azerbaijan’s liberated territories - part of UN program to combat global climate change – Deputy Minister
Chambers of Commerce of Turkmenistan and Switzerland hold business forum
Gas prices to ease, but to remain elevated in Europe
Georgia shares data on COVID-19 cases for October 22
Turkmenistan to organize Business French language training for female entrepreneurs
JICA to issue report on Study for Electric Power System in Azerbaijan next year
Japanese companies to invest in Georgian energy sector
Kazakhstan introduces electronic customs escort of vehicles during goods transit
Azerbaijan, UN sign MoU to promote corporate sustainability
Azerbaijani Finance Ministry to put medium-term gov't bonds up for auction
Azerbaijan reveals state budget revenues for 9M2021
All news