Southern Gas Corridor progresses
LONDON, May 12, 2016 – Work on the Southern Gas Corridor, the umbrella term for pipeline projects that will enable gas exports from Azerbaijan’s Shah Deniz fields to Europe via Turkey, is progressing as planned, a BP executive said on Thursday.
According to BP group regional vice-president for Europe, and UK head of country Peter Mather, speaking at an event in London, the project is “moving ahead on time and on budget.” Exports of some 10 bcm (353 bcf) per year should be flowing to Europe by 2020 at the latest. “We do see it as very scalable. It is a USD 45 billion project, and we have already awarded contracts for about a third of that,” Mather said.
Earlier in May, BP and its Shah Deniz partners awarded a Saipem-led consortium a USD 1.5-billion subsea production contract. The BP-led Shah Deniz consortium comprises Turkish Petroleum, Lukoil, Petronas, SGC Upstream and SOCAR subsidiary AzSD.
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