EU puts emphasis on Southern Gas Corridor

EU puts emphasis on Southern Gas Corridor

April 3 (UPI) -- The Southern Gas Corridor of transit networks is a necessary ingredient for energy security, a joint U.S.-European Union statement said.
Daniel J. Graeber

BP-led group awards contracts for Shah Deniz II gas field

BAKU, Azerbaijan, March 20 (UPI) -- A BP-led consortium said it awarded $841 million worth of construction and engineering contracts for work in the Shah Deniz gas field off Azerbaijan's coast.

Baku creates entity to manage Shah Deniz

BAKU, Azerbaijan, Feb. 26 (UPI) -- The government of Azerbaijan announced it established a company to manage Phase II of the Shah Deniz gas field in the Caspian Sea and its associated pipelines.

Gas through Nord Stream exceeds 800 billion cubic feet

MOSCOW, Jan. 28 (UPI) -- Gas deliveries through the twin Nord Stream pipelines from Russia through the Baltic Sea exceeded 800 billion cubic feet last year, the project's operator said.

Azeri gas deliveries to Russia suspended

BAKU, Azerbaijan, Jan. 15 (UPI) -- Azerbaijan's state energy company said Wednesday natural gas deliveries to Russia were disrupted because of maintenance issues.

Barroso: Shah Deniz approval a 'milestone' for Europe

BAKU, Azerbaijan, Dec. 17 (UPI) -- The European Commission president said Tuesday's decision to invest in a gas corridor from Azerbaijan is a "breakthrough" for energy security.

Southern Corridor tip of Azeri natural gas iceberg

BAKU, Azerbaijan, Dec. 9 (UPI) -- Natural gas deliveries to Turkey and Europe are only the start of the realization of Azerbaijan's potential, an Azeri company director said.

Greece ratifies Trans-Adriatic pipeline host agreement

ZUG, Switzerland, Dec. 3 (UPI) -- Kjetil Tungland, managing director for the Trans-Adriatic pipeline, said he was delighted the Greek government ratified a host agreement for the project.

TAP gas project on schedule, director says

ZUG, Switzerland, Nov. 6 (UPI) -- The Trans Adriatic pipeline, slated for Azeri gas, is on schedule for construction through a European corridor by 2015, the pipeline's managing director said.

Iran's role in North Sea gas field reviewed

LONDON, Sept. 23 (UPI) -- The British government said it was examining the prospects for development of a North Sea gas field controlled in part by an Iranian oil company.

European companies secure Shah Deniz gas

PARIS, Sept. 20 (UPI) -- Two European energy companies announced they signed contracts to secure natural gas from the Shah Deniz field off Azerbaijan for 25 years.

EIA: Azeri natural gas influential

WASHINGTON, Sept. 11 (UPI) -- Azerbaijan's importance as a natural gas producer and exporter is growing with developments at its Shah Deniz field, the U.S. Energy Department said.

Greece gets gas pipeline assessment

ATHENS, Greece, Aug. 8 (UPI) -- The consortium behind a natural gas pipeline planned for Europe announced it submitted an environmental assessment to Greek authorities.

Energy majors get behind TAP gas project

BAAR, Switzerland, July 30 (UPI) -- The consortium behind the TAP gas pipeline from Azerbaijan said BP, French oil company Total and Azerbaijan's energy company came on board as members Tuesday.

OMV takes one-time loss on Nabucco West

VIENNA, July 25 (UPI) -- Austrian energy company OMV said it had to reduce the value of its assets in its earnings report because of the planned Nabucco West natural gas pipeline.
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Shah Deniz gas field is the largest natural gas field in Azerbaijan. It is situated in the South Caspian Sea, off the coast of Azerbaijan, approximately 70 kilometres (43 mi) southeast of Baku, at a depth of 600 metres (2,000 ft). The field covers approximately 860 square kilometres (330 sq mi). The Shah Deniz gas and condensate field was discovered in 1999. It is to bring gas into Europe without having to traverse countries like Russia or Iran, deemed to be politically unreliable by some in order to promote their projected Nabucco pipeline.

The Shah Deniz field is operated by BP which has a share of 25.5%. Other partners include Statoil (25.5%), SOCAR (10%), Total S.A. (10%), LukAgip, a joint company of Eni and LUKoil (10%), NIOC (10%), and TPAO (9%).

The Shah Deniz reserves are estimates to be between 1.5 billion barrels (240,000,000 m3) to 3 billion barrels (480,000,000 m3) of oil equivalent from 50 to 100 billion cubic meters of gas. Gas production to date at the end of 2005 was estimated to be approximately 7 billion cubic meters (600 mmcf/day avg). The Shah Deniz field also contains gas condensate in excess of 400 million cubic meters.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Shah Deniz."
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