BAKU, Azerbaijan, November 4. In the first three quarters of 2023, the South Caucasus Pipeline Consortium (SCPC) spent about $4.5 million in capital expenditure, compared to $4 million in the same period in 2022, Trend reports via bp.
This is while the operating expenditure stood at around $49 million, remaining unchanged from the first three quarters of 2022.
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.
During the three quarters, the daily average export throughput of the SCP was 60.5 million cubic metres of gas per day.
SCPC shareholders are: bp (operator – 29.99%), SGC (21.02%), LUKOIL (19.99%), TPAO (19.00%) and NICO (10.00%).
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