Statoil - Capacity of South Caucuses Gas Pipeline Might Increase up to 20bln. Cubic Meters per Year

Oil&Gas Materials 14 December 2006 17:48 (UTC +04:00)

At the expense of the construction of additional compressor stations on the South-Caucasian Pipeline (SCP), its capacity might increase up to 20 bln. cubic meters of gas per year, Georg Gundersenn, Ex-President of Statoil Azerbaijan, said during the today press-conference, Trend reports.

Mr. Gundersenn will officially conclude his six-year activity in Azerbaijan on January 1, 2007. He is expected to head the office of the Company in Angola. Cristian Hausken, who worked as the head of Statoil Poland for 6 year will change Mr. Gundersenn in this post.

Gas produced from Azerbaijan gas condensate Shahdaniz field is expected to be piped via SCP. The project on the development of the field has two stages. The pipeline might be widened to export Kazakhstan and Turkmenistan to international markets.

Mr. Gundersenn highly appreciated Statoil cooperation in the country.

My being in Azerbaijan was very interesting and useful to me. Over this time, plans and intentions toward the Azerbaijan oil industry has became a reality. Today, Azerbaijan is a key oil exporter, and I think it will be considered a key gas exporter soon, he said.