BAKU, Azerbaijan, March 15
By Leman Zeynalova – Trend:
Baku-Tbilisi-Erzurum (South Caucasus Pipeline) has transported 3.270 billion cubic meters of gas from January through February 2022, as compared to 2.993 billion cubic meters in the same period in 2021, Trend reports with reference to Azerbaijan’s State Statistical Committee.
As such, the volume of gas transportation via the South Caucasus Pipeline grew by 9.25 percent year-on-year.
Baku-Tbilisi-Erzurum accounted for 46.9 percent of gas transported through Azerbaijan’s main gas pipelines in the first two months of 2022, versus 45.6 percent in the same period in 2021.
The SCP Co. shareholders are: bp (28.8%), TPAO (19.0%), PETRONAS (15.5%), AzSCP (10.0%), NICO (10.0%), LUKOIL (10.0%) and SGC Midstream (6.7%).
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.
The transfer of technical operatorship was carried out in fulfilment of the obligations undertook in the revised SCPC Pipeline Owners’ Agreement, signed in December 2013 as part of the Final Investment Decision on the Shah Deniz Stage 2 and South Caucasus Pipeline Expansion (SCPX) projects.
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