Export throughput of South Caucasus Pipeline grows 11%

During the first quarter of 2022, the daily average export throughput of the South Caucasus Pipeline (SCP) was 56.2 million cubic meters of gas per day, which is 5.4 million cubic meters or 10.6% more than in the corresponding period of 2021, Report informs referring to bp Azerbaijan.

In the first quarter of 2022, the SCP spent around $14 million in operating expenditure and around $0.3 million in capital expenditure in total. This is $1 million, or 7.7% more, and $1.7 million, or 6.7 times less than in the same period last year.

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.

The main shareholders of SCP are bp (29.99%), LUKoil (19.99%), TPAO (19%), SOCAR (14.35%), NICO (10%) and SGC (6.67%).