Shah-Deniz among most important BP "s projects in Eurasia
Development of Azerbaijani gas condensate Shah-Deniz field is among the most important BP projects in Eurasia, said Greg Sonders, BP Director for Foreign Affairs, at the international conference organized by the Jamestown Foundation in Washington on December 17, 2012.
Voice of America quoted Sonders as saying that the Baku-Tbilisi-Erzurum gas pipeline (South Caucasian Pipeline) is the most advanced engineering project in the world and added that this project will open the window for the Caspian gas delivery to Europe.
Sonders also added development of the Shah-Deniz field will contribute to strengthening of energy safety and strategic interests between EU and USA as demand in natural gas is forecasted to increase multiple times.
The contract for development of Shah-Deniz offshore field was signed on June 4, 1996. The partners of the agreement are BP (operator) -25.5%, Statoil - 25.5%, NICO - 10%, Total - 10%, LUKoil - 10%, TPAO - 9% and SOCAR - 10%.
The length of the South Caucasian gas pipeline is 680 km. Gas extracted on Shah-Deniz field is transported via this gas pipeline to Georgia and Turkey. Azerbaijan is also a gas buyer.-0-
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- 19 December 2012 12:30
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- 19 December 2012 13:19
Economics
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