Shahdeniz-2 project 2013 budget approved
Partner companies on second phase of Shahdeniz gas field, located in the Azerbaijani sector of the Caspian Sea, have confirmed budget for 2013, Azerbaijani state energy company SOCAR President Rovnag Abdullayev said, Today.Az website reported referring to AzerTac state news agency.
According to Abdullayev, the next phase would absorb around
$$7-10 billion which includes construction of new blocks, gas
pipelines and etc.
The previous estimate for the project, which aims to bring high
volumes of gas from the vast Azerbaijani field to Western Europe,
was $25 billion. "In total, the second phase of Shahdeniz will cost
$28 billion to $30 billion," Abdullayev told reporters.
Annual capacity of the pipeline is predicted to be 16 billion cubic
metres, with the flow starting in approximately five years.
BP is developing the Shahdeniz field in partnership with SOCAR,
Statoil ASA, Total SA, OAO Lukoil, Turkish Petrolleri AO and
Naftiran Intertrade Co.
The Shah Deniz partners plan to make the final investment decision on the second phase of Shahdeniz phase at the end of 2013, Abdullayev said.
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