Field glitch halts Shahdaniz gas exports

Field glitch halts Shahdaniz gas exports

Azerbaijan stopped shipping gas to Turkey from its giant Shahdaniz gas field in the Caspian Sea, where production was halted on Monday because of a glitch during maintenance works, a spokeswoman for the field operator said on February, 09, 2012.

“Shahdaniz gas field was completely shut last night during planned repair works on the platform’s electricity supply system,” BP Azerbaijan spokeswoman Tamam Bayatly told Reuters. “Works to resume production at the platform are currently under way. We expect these works to be completed this evening and export to be resumed.”

Shahdaniz produces about 25 million cubic metres of gas per day. The suspension of Azerbaijani gas supply to Turkey “has not caused any problems” in the country, Turkish Energy Minister Taner Yildiz was quoted by Samanyolu Hаber TV channel as saying on Tuesday.

Turkey has halted gas transportation to Greece due to the temporary shutdown of the Shahdaniz field. Greece imports 800 million cubic meters per year of Azerbaijani gas through Turkey, while Ankara buys 6 billion cubic meters annually.

Shahdaniz reserves are estimated at 1.2 trillion cubic meters of gas.

The contract to develop the field was signed in 1996. The shareholders are: BP and Statoil, with 25.5 percent each, NICO with 10 percent, Total (10 percent), LukAgip (10 percent), TPAO (9 percent), and Azerbaijan’s state energy firm Socar (10 percent).

 

 

 

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