In the first three quarters of 2022, the South Caucasus Pipeline (SCP) spent around $49 million in operating expenditure and around $4 million in capital expenditure in total, up $10 million ($25.6%) and down $4 million (2 times), respectively, from the same period of 2021, Report informs with reference to BP-Azerbaijan.
During the three quarters, the daily average export throughput of the SCP was 56.1 million cubic meters of gas per day, $9.3 million or 19.9% more than a year earlier.
The SCP has been operational since late 2006, transporting Shah Deniz gas to Azerbaijan, Georgia, and Turkiye. The expanded section of the pipeline commenced commercial deliveries to Turkiye in June 2018 and to Europe in December 2020.
SCPC shareholders are: bp (29.99%), LUKOIL (19.99%), TPAO (19.00%), SOCAR (14.35%), NICO (10.00%), and SGC (6.67%).