BAKU, Azerbaijan, Nov.5
By Leman Zeynalova – Trend:
In the first three quarters of 2021, the South Caucasus Pipeline (SCP) spent around $39 million in operating expenditure and around $8 million in capital expenditure in total, as compared to $35 million in operating expenditure and more than $8 million in capital expenditure in the same period in 2020, Trend reports with reference to bp.
The operating expenditure on SCP rose by 11.4 percent year-on-year.
The SCP Co. shareholders are: bp (28.8 percent), TPAO (19 percent), PETRONAS (15.5 percent), AzSCP (10 percent), NICO (10 percent), LUKOIL (10 percent) and SGC Midstream (6.7 percent).
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 and to Europe in December 2020.
On 1 August 2021 the transition of the technical operatorship of the South Caucasus Pipeline Company (SCPC) from BP Exploration (Shah Deniz) Limited to SOCAR Midstream Operations LLC was finalized. The transition process which started in March 2020 was successfully completed in July 2021. Despite the challenges caused by COVID-19 bp and SOCAR worked in close collaboration to effectively implement all the aspects of the process.
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