© Trans Adriatic Pipeline AG, all rights reserved
Shah Deniz 2 gas kickstarts southern corridor project
The pipeline network joining the Caspian to Europe isn’t finished yet, but the gas is, at least, now flowing part of the way
The pieces of the jigsaw are gradually slotting into place for gas supply to Europe via the 3,500km Southern Gas Corridor (SGC) pipeline project. Commercial gas deliveries to Turkey via the Trans Anatolian Pipeline (Tanap) have started up, supplied by feedstock from Phase 2 of BP's Shah Deniz project in the Azeri section of the Caspian Sea. The start-up of supply from the $28bn Shah Deniz 2 project is a feather in the cap for both BP and Socar, the Azeri state energy company. It's been achieved on time and within budget, enhancing Azerbaijan's reputation as a place the oil industry can operate successfully. Once working at maximum output, Phase 2 is expected to add 16bn cubic metres a year o
Also in this section
29 April 2026
The UAE’s exit from the alliance marks a decisive step towards a world in which oil markets are shaped less by collective management and more by national strategy
29 April 2026
Trafigura’s $1b prepayment agreement confirms African resource holders’ renewed interest in oil-backed financing deals as they look to capitalise on high oil prices
29 April 2026
The UAE’s departure from the oil producers’ group was a surprise to many, but the move can be traced back to a single point five years ago
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
