AGL 38.36 Decreased By ▼ -0.14 (-0.36%)
AIRLINK 136.05 Decreased By ▼ -0.80 (-0.58%)
BOP 5.61 Decreased By ▼ -0.01 (-0.18%)
CNERGY 3.87 Increased By ▲ 0.01 (0.26%)
DCL 8.05 Increased By ▲ 0.12 (1.51%)
DFML 45.60 Increased By ▲ 0.20 (0.44%)
DGKC 86.05 Increased By ▲ 0.54 (0.63%)
FCCL 31.25 Decreased By ▼ -0.35 (-1.11%)
FFBL 62.32 Increased By ▲ 0.62 (1%)
FFL 9.54 Increased By ▲ 0.34 (3.7%)
HUBC 107.90 Decreased By ▼ -0.85 (-0.78%)
HUMNL 14.55 Increased By ▲ 0.17 (1.18%)
KEL 4.68 Decreased By ▼ -0.16 (-3.31%)
KOSM 7.65 Decreased By ▼ -0.09 (-1.16%)
MLCF 38.39 Increased By ▲ 0.28 (0.73%)
NBP 67.50 Increased By ▲ 0.50 (0.75%)
OGDC 178.88 Increased By ▲ 2.87 (1.63%)
PAEL 25.30 Increased By ▲ 0.10 (0.4%)
PIBTL 5.88 Increased By ▲ 0.01 (0.17%)
PPL 136.61 Increased By ▲ 3.12 (2.34%)
PRL 24.23 Increased By ▲ 0.21 (0.87%)
PTC 16.52 Decreased By ▼ -0.30 (-1.78%)
SEARL 66.51 Decreased By ▼ -1.24 (-1.83%)
TELE 7.48 Increased By ▲ 0.03 (0.4%)
TOMCL 35.60 Decreased By ▼ -0.58 (-1.6%)
TPLP 7.80 Increased By ▲ 0.02 (0.26%)
TREET 14.65 Increased By ▲ 0.01 (0.07%)
TRG 49.80 Increased By ▲ 0.19 (0.38%)
UNITY 25.51 No Change ▼ 0.00 (0%)
WTL 1.32 Decreased By ▼ -0.01 (-0.75%)
BR100 9,660 Increased By 73.6 (0.77%)
BR30 28,989 Increased By 197.6 (0.69%)
KSE100 89,815 Increased By 868.8 (0.98%)
KSE30 28,335 Increased By 292 (1.04%)

British oil giant BP has opened a new $28-billion gas pipeline in Azerbaijan, the company said Monday, in a project expected to reduce European dependence on Russian supplies.
The "Shah Deniz 2" (SD2) development transports gas to Turkey and will eventually reach elsewhere in Europe.
It is "the starting point for the Southern Gas Corridor series of pipelines that will for the first time deliver natural gas from the Caspian Sea direct to European markets," BP said in a statement.
The pipeline bypasses Russia and has been supported by the European Union, which is keen to reduce Europe's energy dependence on Moscow.
"Together with the Southern Gas Corridor pipeline system, Shah Deniz 2 will deliver significant new energy supplies to Europe, further diversifying its sources of energy," said BP group chief executive Bob Dudley, quoted in the statement.
The general director of the Southern Gas Corridor, Afgan Isayev, said the deliveries started on Saturday.
The Shah Deniz Stage 2 is one of the largest and most complex gas projects in the world. It involves the first ever subsea infrastructure constructed in the Caspian Sea.
The giant Shah Deniz field holds about one trillion cubic metres of natural gas, according to BP estimates. The first phase of its development started in 2006 and now supplies natural gas to Georgia and Turkey.
Shah Deniz Stage 2 will add a further 16 billion cubic metres per year (bcma) of gas production to the approximately 10 bcma produced by Shah Deniz 1, according to BP.
Shah Deniz gas will travel 3,500 kilometres, to elevations of over 2,500 metres, and over 800 metres below the sea.

Copyright Agence France-Presse, 2018

Comments

Comments are closed.