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Azerbaijan's 1H Gas Exports From Shah Deniz I Fall 3.9% YOY

Source: Reuters 7/16/2018, Location: Asia

Exports from the first stage of Azerbaijan's giant Shah Deniz gas field stood at 3.654 billion cubic metres (bcm) in the first half of this year, down 3.9 percent from a year earlier, the State Statistics Committee said on Monday. Gas from Shah Deniz I is exported through the South Caucasus pipeline.

Export volumes from Shah Deniz I operated by an international consortium led by BP were 7.314 bcm in 2017.

Azerbaijan's gas exports through all pipelines totalled 11.588 bcm in January-June this year.

The European Union is trying to reduce its dependence on Russian gas by developing the so-called Southern Gas Corridor, which is expected to bring about 16 bcm of gas a year to Europe by 2020.

The gas would come from the Shah Deniz II field via the 1,850 km (1,150 mile) Trans-Anatolian Natural Gas Pipeline (TANAP) through Turkey, the South Caucasus pipeline extension through Azerbaijan and Georgia and the Trans-Adriatic Pipeline (TAP) to Greece, Albania and Italy.

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