South Caucasus Pipeline nearly triples capital expenditure in 2023

In 2023, the South Caucasus Pipeline (SCP) spent around $77.7 million in operating expenditure and about $13.8 million in capital expenditure in total, respectively, up $5.7 million (7.9%) and $8.8 million (2.8 times), from the previous year, Report informs, citing bp-Azerbaijan.

During the year, the daily average export throughput of the SCP was 60.1 million cubic metres of gas per day, 2.7 million cubic metres, or 4.7%, more than a year earlier.

The SCP has been operational since late 2006, transporting Shah Deniz gas to Azerbaijan, Georgia, and Türkiye. The expanded section of the pipeline commenced commercial deliveries to Türkiye in June 2018 and to Europe in December 2020.

SCPC shareholders are: bp (operator – 29.99%), SGC (21.02%), LUKOIL (19.99%), TPAO (19.00%), and NICO (10.00%).