Baku News

05 October 2006 [16:04] - Today.Az - The Shah Deniz gas and condensate development project has continued to progress according to schedule since the beginning of 2006 and construction is currently almost complete overall.
The first Shah Deniz gas is expected to be produced this month, BP Azerbaijan press officer Tamam Bayatly told APA. The Shah Deniz gas and condensate field, which was discovered in 1999, is located 100km south of Baku at a depth of 600 metres in the Caspian Sea. The recoverable reserves of the Shah Deniz field are 625 billion cubic meters (22.1 trillion cubic feet) of gas and 101 million tons (750 million barrels) of condensate. Shah Deniz gas will be delivered to Turkish and world market through Sangachal Terminal, to Georgia-Turkey border through South Caucasus Pipeline and will be connected to Turkish national gas system. If Turkey is unready to receive Shah Deniz gas, 300mn cubic meters of 1.2bn c.m will be supplied for Georgia, Industry and Energy Minister Natig Aliyev says.