Shah Deniz II initial gas supplies to Europe in the first quarter of 2020

10/11/2014 10:43 Natural Gas

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Europe will receive the first gas from Azerbaijan's Shah Deniz II project in the first quarter of 2020, as stated by BP spokesman on Friday.

Azerbaijan's largest gas field Shah Deniz is run by BP with associates TPAO of Turkey, Azerbaijan's SOCAR, Russian oil group Lukoil and Iran's Nico (Naftiran Intertrade Co). Shah Deniz II, considered by the European Union an essential alternative to Russia’s gas supplies, is likely to provide 20 percent of EU requirements in the long term from proven reserves anticipated at 1.2 trillion cubic metres. The first phase, Shah Deniz I, has been draining gas since 2006 and has a production capacity of approximately 10 billion cubic metres of natural gas per year.

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