BAKU, Azerbaijan, Aug.3. In the first half of 2023, the South Caucasus Pipeline spent around $39 million in operating expenditure and more than $3 million in capital expenditure in total, Trend reports citing bp.
This is while in the first half of 2022, the SCP spent around $29 million in operating expenditure and around $2 million in capital expenditure in total.
As such, the opex on SCP rose by 34.5 percent, while capex grew by 50 percent.
During the first half of 2023, the daily average export throughput of the SCP was 60.7 million cubic metres of gas per day, versus 56.9 million cubic metres in 1H2022, showing a 6.7 percent increase year-on-year.
The SCP has been operational since late 2006, transporting Shah Deniz gas to Azerbaijan, Georgia and Türkiye. The expanded section of the pipeline commenced commercial deliveries to Türkiye in June 2018 and to Europe in December 2020.
SCPC shareholders are: bp (operator – 29.99%), SGC (21.02%), LUKOIL (19.99%), TPAO (19.00%) and NICO (10.00%).
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