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Share Price Information for BP (BP.)

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Share Price: 503.90
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Change: 3.40 (0.68%)
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Gas exports from Azerbaijan to reach normal level soon after a drop--BP

Sat, 08th Feb 2014 15:44

BAKU, Feb 8 (Reuters) - British oil major BP said onSaturday gas exports from Azerbaijan to Turkey would reachnormal levels soon after a drop due to technical problems at theterminal.

"The exports are rising now and they will be brought to therequired level soon," Tamam Bayatly, spokeswoman forBP-Azerbaijan, told Reuters.

BP is a technical operator for the Shah Deniz gas andcondensate field in Azerbaijan. It ships natural gas to Turkeyvia Georgia through the South Caucasus Pipeline (SPC), alsoknown as the Baku-Tbilisi-Erzurum Pipeline.

Bayatly said export volumes dropped on Friday as a result oftechnical problems at the Sangachal terminal, but did notelaborate further.

The length of the SPC is more than 700 kilometres (400miles). The gas produced at the offshore Shah Deniz field, thebiggest in Azerbaijan, is supplied to Georgia and Turkey, whileAzerbaijan also purchases part of this gas.

Gas exports via the SPC, which has an annual capacity ofmore than 8 billion cubic metres (bcm) of gas, rose to 4.7 bcmin 2013, up from 4 bcm exported in 2012.

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