azertag.az. Səngəçal terminalında CQD-nin işə salınmasını prezident İlham Əliyev həyata keçirib
Baku / 05.25.18 / Turan: On Tuesday morning, the South Gas Corridor (SGC) launching ceremony was held, providing for the creation of infrastructure for the supply of Azerbaijani gas to Europe. The launch of SGC at the Sangachal terminal was carried out by President Ilham Aliyev.
The SGC project envisages the transportation of Azerbaijani gas to Europe via Turkey through the Stage-2 project of the Shah Deniz field. The cost of the project is estimated at over $ 40 billion.
The main components of the project are Stage-2 of the Shah Deniz project, expansion of the South Caucasus pipeline Baku - Georgia - Border with Turkey, and further along the Trans-Anatolian gas pipeline (TANAP) from the eastern to the western border of Turkey.
TANAP has already been built and the ceremony of its launch with participation of the Presidents of Azerbaijan and Turkey will be held on June 12.
Further gas will go from Europe via the Trans-Adriatic gas pipeline (TAP), connecting Greece, Albania and the Adriatic Sea, to the south of Italy.
Deliveries of Azerbaijani gas to Europe are expected to start in 2020 in the amount of 10 billion cubic meters (bcm). In addition, 6 bcm of Azerbaijani gas will be supplied to the western regions of Turkey.
The Southern Gas Corridor provides for the supply of gas from the Caspian region to Europe, bypassing the Russian Federation.
Aliyev said this project takes into account the balance of interests; the interests of producers, transit countries and consumers are fully ensured.
"We ensure the diversification of energy sources. In the full sense of the word, the Southern Gas Corridor is a new energy artery," Aliyev said.
"We are implementing these giant projects jointly with our partners and we are re-creating the energy map for Europe," he added.
Shareholders of the Shah Deniz project are BP (operator, 28.8%), SOCAR (16.7%), Petronas (15.5%), LUKOIL (10%), NICO (10%) and TPAO (19 %). -06B--
Energy
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Bulgarian mining and processing plant “Asarel Medet” plans to jointly undertake a gasification project in the Bulgarian city of Panagyurishte (located 91 km east of Sofia) with Azerbaijan’s State Oil Company (SOCAR), “Asarel Medet's” Executive Director Nikolay Peltekov informed journalists about the initiative. "We are developing a gasification project for the Panagyurishte municipality in partnership with SOCAR. We aim to begin this gasification project next year for Panagyurishte, which is the administrative center of the municipality," Peltekov said. He emphasized that the project will have an “exclusively positive impact” on the region, where residential heating is predominantly reliant on solid fuels.
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In January-August 2024, oil and condensate production in Azerbaijan totaled 19.3 million tons, a 4.9% decrease compared to the same period last year. According to the operational data from the Ministry of Energy for the first eight months of 2024, the Azeri-Chirag-Guneshli (ACG) block produced 11.1 million tons of oil (an 8.3% decrease), accounting for 57.5% of Azerbaijan’s total oil production.
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Gas production in Azerbaijan for January-August 2024 reached 33 bcm, marking a 2.5% increase compared to the same period last year. According to the Ministry of Energy’s operational data, the “Shah Deniz” field produced 18.1 bcm of gas (a 2.8% increase), while the ACG block produced 8.7 bcm of associated gas (a 1.2% increase), and the “Absheron” field contributed 1.1 bcm of natural gas.
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The daily production of oil and condensate in Azerbaijan for August was 76,045 tons, according to the Ministry of Energy - crude oil accounted for 64,870 tons (85.3%), and condensate for 11,175 tons (14.7%).
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