Progress in full-scale development of Shah Deniz nears 93%

Baku, Azerbaijan, Aug.7

By Leman Zeynalova – Trend:

The progress in the full-scale development of Azerbaijan’s Shah Deniz gas and condensate field has neared 93 percent, deputy head of Public Relations and Events Department at Azerbaijan’s state oil company SOCAR Ibrahim Ahmadov told Trend.

He pointed out that all works have been completed on time on the Trans Anatolian Natural Gas Pipeline (TANAP) and South Caucasus Pipeline Expansion, which are the two segments of the Southern Gas Corridor project.

“SOCAR managed to save around 40 percent of expenses on TANAP and reduced the preliminary estimated cost of the project by $5 billion. The total progress in the construction of the Trans Adriatic Pipeline (TAP), which will for the first time directly deliver Azerbaijani gas to European markets next year, is nearing 89 percent. The progress in the full-scale development of Shah Deniz gas and condensate field has neared 93 percent,” added Ahmadov.

The Southern Gas Corridor is one of the priority projects for the EU and envisages the transportation of 10 billion cubic meters of Azerbaijani gas from the Caspian region through Georgia and Turkey to Europe.

The launching ceremony of the first stage of the Southern Gas Corridor was held in Baku on May 29, 2018, while opening ceremony of TANAP was held on June 12, 2018 in the Turkish city of Eskisehir.

The gas from the Azerbaijani Shah Deniz field has already gone through the first segment of the Southern Gas Corridor - from the Sangachal terminal to the expanded South Caucasus Pipeline.

Trans-Adriatic Pipeline (TAP) and Trans-Anatolian Natural Gas Pipeline (TANAP) were connected on the Turkish-Greek border.

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Follow the author on Twitter: @Lyaman_Zeyn

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