In the first quarter of 2020, the South Caucasus Pipeline (SCP) spent about $12 million in operating expenditure and it is 33.3% more in comparison with the corresponding period of 2019, ONA reports citing BP’s (operator of project) report regarding annual results of 2019 on its operations in Azerbaijan.
In the reporting period, SCP spent about $2 million in capital expenditure (8.5 times less).
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.
According to the report, during the quarter, the daily average throughput of SCP was 33.6 million cubic meters of gas per day, which means an increase of 12% in comparison with the corresponding period of 2019.
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%).