Mr. Vusal Mammadov Director, SOCAR Representative Office in Brussels State Oil Company of the Republic of Azerbaijan October 14, 2015 Brussels
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Mr. Vusal Mammadov Director, SOCAR Representative Office in Brussels
State Oil Company of the Republic of Azerbaijan
October 14, 2015 Brussels
Southern Gas Corridor: The Role of Azerbaijan
Gas Sales
Southern Gas Corridor Groundbreaking Ceremony September 20, 2014, Baku, Azerbaijan
EU-‐Azerbaijan Joint Declaration signed in January 2011
– Framework document on the strategic role of the Southern Gas Corridor (SGC)
– Guiding principles for the supply of natural gas from Azerbaijan and the Caspian to Europe
– Azerbaijan – enabler of the SGC
– Part icu lar reference to the transportation and marketing of gas in South Eastern Europe
The Southern Gas Corridor investors
4
Shah Deniz 2 and SCP expansion1
Trans-Anatolian Pipeline (TANAP)1
Trans-Adriatic Pipeline (TAP)
BP
SOCAR
TPAO
Petronas
LUKoil
NICO
28.8%
16.7%
15.5%
10%
19%
10%
SOCAR
BOTAS BP
58%
12% 30%
BP
SOCAR
FLUXYS
ENAGAS
Statoil
AXPO 20%
20% 20%
16% 5%
19%
1 Expected equity percentages following compleTon of pending acquisiTons.
The Southern Gas Corridor in figures
• The project that transits 7 countries, • Deals with six regulatory regimes, • Involves 12 investing companies, • Includes 12 gas buyers, • Costs over 45 billion USD, • Supplies 10 bcm/a to European market at the initial stage starting
from 2020, including 2 bcm/a to the SEE countries.
Offshore facili.es $15-‐16bn
SCP Expansion
$5bn
TANAP $11bn
Southern Gas Corridor scope
SD2 and the Southern Gas Corridor Multiple mega-‐projects – $45 billion scope
Sangachal Terminal expansion
$2bn
26 wells $6bn
TAP $5bn
Gas Production in Azerbaijan
Total proven reserves : 1,2 trillion cubic meters gas 240 million tons condensate Stage 1 supplies Turkey, Georgia and Azerbaijan over the 15-year period start ing from 2007, with average production of up to 9 bcm/a (Shah Deniz Stage 1 volume). Annual production from Stage 2 will start by the beginning of 2018 and reach more than 16 bcm/a at plateau.
Shah Deniz Field
5 bcm
2014
2004
30 bcm
x6
• Absheron SOCAR/Total/GdF PSA 350 bcm gas 45 mln tons of condensate
• Umid SOCAR
200 bcm gas 40 mln tons condensate
• Babek SOCAR 400 bcm gas
80 mln tons condensate • Shafag-Asiman BP/SOCAR PSA
• ACG Deep ACG PSA
200 bcm gas
Prospective Fields and Structures
SGC: Vision for the Future
New gas supplies for Europe
• A superhighway that can facilitate the transportation of gas from different sources, not only from
Azerbaijan but also Central Asia, Iraq and the East-Med region, • Can reach additional markets in Europe, such as the Western Balkans and South Eastern Europe, • TANAP will be built with double the capacity and can be scaled up to and over 30 BCM (1.1 tcf), • The first pipeline project in decades to deliver new gas supplies to Europe, rather than simply re-
route existing supplies, thus diversifying sources.
Thank you for your attention