Georgia’s Batumi Sea Port management have reached an agreement with Swiss Panalpina company on the transshipment of pipes for the implementation of the Shah Deniz-2 project, a message posted on port’s website said on Nov.20.
Shah Deniz-2 project envisages the development of Shah Deniz gas condensate field in the Azerbaijani sector of the Caspian Sea.
The first batch of the steel pipes with a weight of six metric tons each has already been delivered to the Batumi port, according to the message.
Additionally, it is expected that the first batch of large-sized pipes will be delivered to the port in early 2015. The pipes will be transported from the port to Azerbaijan via a railway.
The second stage of development of Azerbaijan’s Shah Deniz gas condensate field is considered to be one of the largest and most difficult initiatives ever implemented in the world oil and gas industry, according to the message.
“And due to that fact, the selection of Batumi Sea Port as the point of transshipment of steel pipes once again proves that this port is a reliable and stable partner in the sphere of port services of the Black Sea region.”
On December 17, 2013, a final investment decision was made on the Stage 2 of the ‘Shah Deniz’ offshore gas and condensate field’s development.
The reserve of the field is estimated at 1.2 trillion cubic meters of gas and 240 million metric tons of condensate.
