Throughput of South Caucasus Pipeline increases 34%

In 2020, the South Caucasus Pipeline (SCP) spent $47 million ($1 million or 2.08% less than in 2019) in operating expenditure and $13 million (21 million or 2.6 times less) in total capital expenditure, Report mentions, citing a statement issued by the block's operator, BP-Azerbaijan, together with partners on the results of 2020 business.

During 2020, the average daily throughput of SCP was 33.8 million cubic meters of gas per day (9.8 million cubic meters or 33.8% more than in 2019).

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

The SCP Co. shareholders are: bp (28.8%), TPAO (19.0%), AzSCP (10.0%), SGC Midstream (6.7%), PETRONAS (15.5%), LUKOIL (10.0%) and NICO (10.0%).