Gas exports from Azerbaijan’s Shah Deniz field up by 41%

Baku, August 18 - Neftegaz.RU. The volume of Azerbaijan’s gas exports from its Shah Deniz field at the Caspian Sea increased by 40.8% year-on-year in January-July 2021, reaching 9.7 billion, Interfax has reported.

Gas exports from the Shah Deniz field, which is among the world’s largest gas-condensate fields, accounted for 49.3% of the total volume of gas transported through the main gas pipelines in the reporting period.
In addition, in total, Azerbaijan's gas pipelines exported 19.8 billion m³ of gas in the 1^st 7 months of the year.

Earlier it was reported that Azerbaijan exported a total of 12 billion m³ of natural gas worth $2 billion.

• 3 billion m³ of natural gas worth $773.7 million were exported to Europe
• Italy accounted for 2.5 billion m³ worth $658.3 million.
• Some 344 million m³ of natural gas worth $96.1 million were exported to Greece
• 134.9 million m³ worth $19.3 million to Bulgaria

Moreover, Turkey accounted for 6.7 billion m³ of the total volume of exported natural gas, worth $974.4 million.
In the meantime, 2 billion m³ of natural gas worth $261.7 million were exported to Georgia and 132.8 million m³ of natural gas worth $5 million to Iran during the period of January-July 2021.

The contract on the development of the Shah Deniz gas field was signed in 1996.
Shareholders of Shah Deniz project are: BP (operator, 28.8%), TPAO (19%), AzSD (10%), SGC Upstream (6.7%), PETRONAS (15.5%), LUKOIL (10%) and NICO (10%).