Georgia is ready to solve problems with Southern Gas Corridor project implementation
The Southern Gas Corridor envisages the delivery of gas from Azerbaijan’s Shah Deniz gas condensate field to Europe.
A final investment decision was made on Dec.17, 2013 on the Stage 2 of the Shah Deniz offshore gas and condensate field`s development. The gas produced at this field will first go to the European market (10 billion cubic meters), while six billion cubic meters of gas will be annually delivered to Turkey.
The contract for development of the Shah Deniz offshore field was signed on June 4, 1996. The field’s proven reserve is equal to 1.2 trillion cubic meters of gas and 240 million metric tons of condensate.
As part of the second stage of the field’s development, gas will be exported to Turkey and European markets by expanding the South Caucasus gas pipeline and the construction of Trans-Anatolian (TANAP) and Trans-Adriatic (TAP) gas pipelines.