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2016-06-22 18:10:00

AZERBAIJAN NEED $30 BLN

AZERBAIJAN NEED $30 BLN

 

SOUTHERN GAS CORRIDOR MAP

NGE published, Azerbaijan is hoping in the best case for profits in excess of $50bn from the Southern Gas Corridor (SGC). State oil company Socar told that even the gloomiest outlook showed that Azerbaijan's share in the profit of SGC would be at least $30bn over the 25 years' duration of the sales and purchase agreements.

SGC is a project consisting of the development of Shah Deniz gas field stage 2 (SD2), including the South Caucasus Pipeline Expansion (SCPX), as well as the Trans-Anatolian Natural Gas Pipeline (Tanap) and Trans Adriatic Pipeline (TAP).

Azerbaijan has 16.7% share in Shah Deniz project, 58% in Tanap and 20% in TAP. The total costs of the implementation of SGC is expected to reach $39.1bn, of which about $9bn would be invested by Azerbaijan. "In return, the country is expected to earn $30bn-$50bn from SGC, depending on oil prices and additional incomes from transiting the other suppliers' gas through SGC," Socar said.

SD2 is projected to produce 16bn m3/yr of gas in 2018, of which 6bn m3/yr would reach Turkey in 2020 and the rest would flow into the EU by 2021. SD2 would also add 70,000 b/d to the gas condensate output of SD1, which stands at 50,000 b/d. SD1 produces about 10bn m3/yr of natural gas, of which 60% goes to Turkey.

Socar said that even with ignoring the gas export and transit revenues and taking the average oil price at $60/barrel in 2020-2030, the SGC shareholders would have $26bn revenues from only gas condensate export in ten years. At $80/barrel, the figure would stand at $35bn.

"The mentioned figures are for a 10-year period. In 25 years, with adding the gas revenues, transit incomes and taxes to this figure, the share of only Azerbaijan in SGC's profit would be around $30bn-$50," Socar said.

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Earlier: 

AZERBAIJAN NEED GAS 

AZERBAIJAN AIMS FOR 50 BLN 

SHAH DENIZ $1.5 BLN 

SOUTHERN CORRIDOR FUNDING 

BP & AZERBAIJAN COOPERATION 

AZERBAIJAN GAS UP 6%

 

Tags: AZERBAIJAN, GAS, PIPELINE, SGC, SHAH, DENIZ, SOCAR

Chronicle:

AZERBAIJAN NEED $30 BLN
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

AZERBAIJAN NEED $30 BLN
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

AZERBAIJAN NEED $30 BLN
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

AZERBAIJAN NEED $30 BLN
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

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