77% of the preparatory work for starting the delivery of Azerbaijani gas in 2018 as part of the Stage 2 of the Shah Deniz field’s development has been completed, BP Regional President for Azerbaijan, Georgia and Turkey Gordon Birrell said.
Gas will be delivered to Turkey in 2018 via the Trans-Anatolian Natural Gas Pipeline (TANAP) and to Europe by 2020 via the Trans-Adriatic Pipeline (TAP), he added.
The contract for development of the Shah Deniz offshore field was signed on June 4, 1996.
The shareholders in the contract are BP (operator – 28.8%), AzSD (10%), SGC Upstream (6.7%), Petronas (15.5%), Lukoil (10%), NIOC (10%) and TPAO (19%).
As part of the Stage 2 of development of the Shah Deniz field, gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and the construction of Trans-Anatolian Natural Gas Pipeline and Trans-Adriatic Pipeline.
The reserve of Shah Deniz field is estimated at 1.2 trillion cubic meters of gas and 240 million tons of condensate.
Gas output will increase from 9 billion cubic meters to 16 billion cubic meters per year within the implementation of the Shah Deniz 2 project. (Trend/Business World Magazine)