Baku: In the first quarter of 2025, the South Caucasus Pipeline Company (SCPC) recorded a significant increase in capital expenditures, which rose fivefold. During this period, the SCPC spent approximately $18 million on operating expenditures and $6 million on capital expenditures, according to a report by bp on its operations in Azerbaijan for the first quarter of the current year.

According to Azeri-Press News Agency, the report highlights a 4% year-on-year increase in operating expenses, alongside the notable rise in capital expenditures. The South Caucasus Pipeline (SCP), operational since late 2006, plays a crucial role in transporting Shah Deniz gas to Azerbaijan, Georgia, and Trkiye. The expanded section of the pipeline began commercial deliveries to Trkiye in June 2018 and extended its reach to Europe by December 2020.

During the first quarter of 2025, the SCP maintained a daily average export throughput of 60.8 million cubic metres of gas per day. The SCPC’s shareholder structure includes bp (29.99%), SGC (21.02%), LUKOIL (19.99%), TPAO (19.00%), and NICO (10.00%).