Shah Deniz gas exports to Europe scheduled to begin in 2020

caspian sea oilrigShah Deniz gas exports: Gas from the giant Shah Deniz condensate field in Azerbaijan’s section of the Caspian Sea will start being exported to Turkey in 2018 and to Europe by 2020, Southern Gas Corridor chief Afgan Isayev said today.
Isayev – who is also Executive Director of the state-owned Azerbaijan Investment Company – told an energy conference in Baku that 23.4bn m³ of gas would eventually be delivered to Europe via the South Caucasus Gas Pipeline and the Trans-Anatolian [TAP} and Trans-Adriatic Gas [TANAP] pipelines. The total development cost of the Southern Gas Corridor would end up at around $50bn, he predicted. TREND