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BP to extend work on providing long-term oil & gas production in Azerbaijan

11 April 2018 18:35 (UTC+04:00)
BP to extend work on providing long-term oil & gas production in Azerbaijan

By Trend

BP and Azerbaijan’s state oil company SOCAR continue to work together to provide a long-term future for oil and gas production in Azerbaijan, BP said in a message April 11.

The company said that the first gas from Azerbaijan’s Shah Deniz field will be delivered to Turkey’s Eskisehir soon as part of the Trans-Anatolian Natural Gas Pipeline (TANAP) project.

“Turkey's state-owned crude oil and natural gas pipelines and trading company BOTAS and Azerbaijan's state-owned national oil and gas company SOCAR are undertaking work to deliver first gas to Eskisehir, Turkey’s Anatolian city in the middle of 2018 as part of the TANAP project,” says the message.

SOCAR holds a 58-percent interest in TANAP, BOTAS has a 30-percent share while BP owns a 12-percent stake.

The Southern Gas Corridor is one of the priority projects for the EU and provides for the transportation of 10 billion cubic meters of Azerbaijani gas from the Caspian region through Georgia and Turkey to Europe.

At an initial stage, the gas to be produced as part of the Stage 2 of development of Azerbaijan's Shah Deniz field is considered as the main source for the Southern Gas Corridor projects. Other sources can also connect to this project at a later stage.

As part of the Shah Deniz Stage 2, the gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and the construction of Trans-Anatolian Natural Gas Pipeline (TANAP) and Trans Adriatic Pipeline (TAP).

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