Shah Deniz-2 project’s terminal inaugurated in Georgia

24 November 2014 11:44 (UTC+04:00)

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By Aynur Jafarova

A transport terminal in Poti, Georgia which is part of the project of second stage of development of Azerbaijan’s giant Shah Deniz field in the Caspian Sea has been inaugurated.

The inauguration ceremony was attended by Georgian Prime Minister Irakli Garibashvili, the Georgian government told Trend Agency on November 23.

"The terminal as part of the Shah Deniz-2 project will transport the pipes and other equipment required for the expansion of the South Caucasus Pipeline through Azerbaijan and Georgia," Garibashvili said.

He also stressed the importance of the Shah Deniz-2 project.

"This is one of the most difficult and complex energy projects, which will strengthen the geopolitical positions of Azerbaijan and Georgia," the prime minister added.

The Shah Deniz field, one of the world's largest gas-condensate fields, was discovered in 1999. Its gas reserves are estimated at 1.2 trillion cubic meters. Overall, the field has proved to be a secure and reliable supplier of gas to Azerbaijan, Georgia, Turkey, and Europe.

The gas which will be produced at the second stage of Azerbaijan's Shah Deniz field development will be the main source of the Southern Gas Corridor, which envisages the transportation of the Caspian gas to European markets.