Baku, Azerbaijan, Sept. 7
By Vagif Sharifov – Trend:
Seventy-seven percent of the preparatory work for starting the delivery of Azerbaijani gas in 2018 as part of the Stage 2 of the Shah Deniz field’s development has been completed, BP Regional President for Azerbaijan, Georgia and Turkey Gordon Birrell told reporters Sept. 7.
Gas will be delivered to Turkey in 2018 via the Trans-Anatolian Natural Gas Pipeline (TANAP) and to Europe by 2020 via the Trans-Adriatic Pipeline (TAP), he added.
The contract for development of the Shah Deniz offshore field was signed on June 4, 1996.
The shareholders in the contract are BP (operator - 28.8 percent), AzSD (10 percent), SGC Upstream (6.7 percent), Petronas (15.5 percent), Lukoil (10 percent), NIOC (10 percent) and TPAO (19 percent).
As part of the Stage 2 of development of the Shah Deniz field, the gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and the construction of Trans-Anatolian Natural Gas Pipeline and Trans-Adriatic Pipeline.
The reserve of Shah Deniz field is estimated at 1.2 trillion cubic meters of gas and 240 million tons of condensate.
Shah Deniz Stage 2 will add a further 16 billion cubic meters per year (bcma) of gas production to the approximately 9 bcma produced by Shah Deniz Stage 1.