BP: Caspian gas pipeline's Georgia section to be accomplished by mid-2018

02/05/2017 13:33 Natural Gas


BP intends to finalise by mid-2018 the Georgian section of a $40-billion strategic pipeline bringing Caspian gas from Azerbaijan into Europe, as stated by the British energy firm's country manager for Georgia.

The so-named southern gas corridor, which should reduce the European Union's dependence on Russian energy, will begin at Azerbaijan's Shah Deniz II gas field and traverse through Georgia, Turkey, Greece, Albania and Italy. It is the major effort by now to bring new supply sources to Europe.

Approximately 10 billion cubic metres (bcm) per year of Azeri gas should arrive in Europe by 2020 via the Trans Adriatic Pipeline, with another 6 bcm intended for Georgia through the South Caucasus Pipeline and Turkey through the Trans-Anatolian Pipeline.

The Georgian part of the project comprises the construction of two compressor stations, a 65-km pipeline and a metering station close to the Turkish border.

Schlueter declared work on the pipeline had been accomplished, with one compressor station 95 percent ready and the other compressor station 55 percent complete. Construction of the metering station was under way, he said, without offering other details.

Schlueter mentioned that the project's capital expenditure in 2016 was $550 million. In the first quarter of this year the figure was  of approximately $100 million, a bit less than in the same quarter of 2016.

Schlueter announced that peak output from the Shah Deniz II field was likely to happen several years after 2020.

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