By Leman Zeynalova – Trend:
BAKU, Azerbaijan, Aug.13
In the first half of 2020, the South Caucasus Pipeline (SCP) spent about $22 million in operating expenditure and about $5 million in capital expenditure in total, Trend reports citing BP’s data.
This is while in the first half of 2019, SCP spent about $20 million in operating expenditure and more than $24 million in capital expenditure in total.
During the first half of 2020, the daily average throughput of SCP was about 32.8 million cubic metres of gas per day, as compared to about 28 million cubic metres of gas per day during the first half of 2019.
The SCP has been operational since late 2006, transporting Shah Deniz gas to Azerbaijan, Georgia and Turkey. The expanded section of the pipeline commenced commercial deliveries to Turkey in June 2018.
As of 20 March 2020, technical operatorship of the South Caucasus Pipeline (SCP) has been transferred from BP Exploration (Shah Deniz) Limited to SOCAR Midstream Operations Limited, a fully-owned subsidiary of SOCAR.
The SCP Co. shareholders are: bp (28.8%), TPAO (19.0%), AzSCP (10.0%), SGC Midstream (6.7%), PETRONAS (15.5%), LUKOIL (10.0%) and NICO (10.0%).
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