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Capital expenditures on South Caucasus Pipeline increase fivefold

01 May 2025 13:38 (UTC +04:00)

In the first quarter of 2025, the SCPC spent around $18 million in operating expenditure and $6 million in capital expenditure in total, APA reports, citing bp’s report on its operations in Azerbaijan for the firts quarter of the current year.

The report notes a 4% year-on-year rise in operating expenses and a fivefold increase in capital expenditures.

The SCP has been operational since late 2006, transporting Shah Deniz gas to Azerbaijan, Georgia and Türkiye. The expanded section of the pipeline commenced commercial deliveries to Türkiye in June 2018 and to Europe in December 2020.

During the quarter, the daily average export throughput of the SCP was 60.8 million cubic metres of gas per day.

The shareholders of the South Caucasus Pipeline Company (SCPC) are as follows: bp (29.99%), SGC (21.02%), LUKOIL (19.99%), TPAO (19.00%), and NICO (10.00%).