South Caucasus Pipeline shows 33% rise in operating expenditure  

In 2022, the South Caucasus Pipeline (SCP) spent around $72 million in operating expenditure and more than $5 million in capital expenditure in total, respectively, up $18 million or 33.3% and down $7 million or 2.4% from the previous year, bp-Azerbaijan told Report.

During the year, the daily average export throughput of the SCP was 57.4 million cubic metres of gas per day, which is 8.9 million cubic metres or 18.4% 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%).