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BP Talks Delivery of Azerbaijani Gas to Europe

Seventy-seven percent of the preparatory work for starting the delivery of Azerbaijani gas in 2018 as part of Stage 2 of the Shah Deniz field's development has been completed, BP Regional President for Azerbaijan, Georgia and Turkey Gordon Birrell said.

Gas will be delivered to Turkey in 2018 via the Trans-Anatolian Natural Gas Pipeline (TANAP) and to Europe by 2020 via the Trans-Adriatic Pipeline (TAP), he added.

The contract for development of the Shah Deniz offshore field was signed on June 4, 1996.

The shareholders in the contract are BP (operator - 28.8 percent), AzSD (10 percent), SGC Upstream (6.7 percent), Petronas (15.5 percent), Lukoil (10 percent), NIOC (10 percent) and TPAO (19 percent).

As part of Stage 2 of development of the Shah Deniz field, 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 and Trans-Adriatic Pipeline.

The reserve of Shah Deniz field is estimated at 1.2 trillion cubic meters of gas and 240 million tons of condensate.

Gas output will increase from 9 billion cubic meters to 16 billion cubic meters per year within the implementation of the Shah Deniz 2 project.

Source: Trend 

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