A BP PLC (BP) led consortium working on Azerbaijan's Shah Deniz natural gas field will make a final investment decision on development of the second stage of the field in 2013, the head of Azerbaijan's state energy company Socar, Elshad Nasirov, said Wednesday.
A BP PLC (BP) led consortium working on Azerbaijan's Shah Deniz natural
gas field will make a final investment decision on development of the second
stage of the field in 2013, the head of Azerbaijan's state energy company
Socar, Elshad Nasirov, said Wednesday.
Azerbaijan
plans
to ship 10 billion cubic meters of natural gas to
Europe
by
2017 and 6 billion to
Turkey
from
the second stage of the project. Total project costs are estimated at $20
billion.
Four pipeline projects, including the European Union-backed Nabucco, are
competing for gas from the field.
BP operates the Shah Deniz field and holds a 25.5% stake. Statoil ASA (STO)
also owns 25.5%, Socar, OAO Lukoil Holdings (LKOH.RS) of Russia, France's Total
SA (TOT) and National Iranian Oil Co. all own 10% each, while Turkey's TPAO
owns 9%.
Διαβάστε ακόμα
Τρι, 24 Σεπτεμβρίου 2024 - 19:58
Τρι, 24 Σεπτεμβρίου 2024 - 19:54
Τετ, 18 Σεπτεμβρίου 2024 - 18:32
Τετ, 18 Σεπτεμβρίου 2024 - 18:27
Τρι, 17 Σεπτεμβρίου 2024 - 20:01