South Caucasus Pipeline spends $657M this year

# 10:44
20 November 2017

In the first three quarters of 2017, the South Caucasus Pipeline (SCP) spent more than $21 million in operating expenditure and $636 million in capital expenditure, BP-Azerbaijan reported.


The pipeline has been operational since late 2006, transporting Shah Deniz gas to Azerbaijan, Georgia and Turkey.


SCP’s daily average throughput was about 20.1 million cubic metres of gas per day during the first three quarters of 2017.


The SCP has a dual operatorship with BP as the technical operator being responsible for construction and operation of the SCP facilities and SOCAR, as commercial operator, responsible for SCP's commercial operation.


The SCP Co. shareholders are: BP (28.8 per cent), AzSCP (10.0 per cent), SGC Midstream (6.7 per cent), Petronas (15.5 per cent), Lukoil (10 per cent), NICO (10 per cent) and TPAO (19 per cent).