BAKU, Azerbaijan, May 5. In the first quarter of 2022, the South Caucasus Pipeline (SCP) spent around $14 million in operating expenditure and around $0.3 million in capital expenditure in total, as compared to $13 million in operating expenditure and more than $2 million in capital expenditure in Q1 2021, Trend reports with reference to bp.
As such, SCP’s operating expenditure rose by 7.7 percent, while capex dropped by 85 percent year-on-year.
SCPC shareholders are: bp (29.99 percent), LUKOIL (19.99 percent), TPAO (19 percent), SOCAR (14.35 percent), NICO (10 percent) and SGC (6.67 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.
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