Recent Developments
The Shah Deniz scheme started to produce gas at the end of December 2006, three months later than expected, but was forced to close briefly in January 2007. Azerbaijan then announced that the field had resumed output only to admit that it had been forced to shut down for a few weeks due to start up technical issues.The shutdown forced Georgia to buy emergency gas supplies from Russia at a market price. Georgia hoped that production from Shah Deniz will allow the country to decrease its energy — and political — dependence on Russia.
By July 2007, the Shah Deniz gas plant at Sangachal Terminal was fully operational, with all buyers of Shah Deniz gas taking gas.
Shah Deniz stage 2 has now been approved. This project will include an additional offshore gas platform, sub sea wells and expansion to the gas plant at Sangachal Terminal, at an estimated cost of at least $10 billion.
Read more about this topic: Shah Deniz Gas Field
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