Oil and condensate exports through Sangachal terminal in Azerbaijan fell 2.2%, gas rose 7% in 2024

BAKU. Feb 13 (Interfax) - Oil and gas condensate exports through the Sangachal terminal in Azerbaijan fell 2.2% to 225 million barrels in 2024, the press service of BP in Azerbaijan, the terminal's operator, said.

"Shipments of oil from the Azeri-Chirag-Gunashli block, as well as condensate and natural gas from the Shah Deniz field, through the Sangachal terminal were carried out as usual in 2024. The terminal exported around 225 million barrels of oil and condensate, of which 224 million barrels was transported by the Baku-Tbilisi-Ceyhan (BTC) pipeline and 1 million barrels by the Baku-Supsa pipeline," the company said.

The terminal currently has the capacity to handle 1.2 million barrels of crude oil and condensate and about 81 million cubic meters of Shah Deniz gas per day, while overall processing and export capacity for gas, including ACG associated gas, is around 100 million cubic meters per day.

Gas is predominantly exported through the South Caucasus Pipeline under Stage 1 and South Caucasus Expansion Pipeline under Stage 2 of the Shah Deniz project, and through SOCAR pipelines that connect the terminal to the Azerigas national gas distribution network.

On average, around 76 million cubic meters of Shah Deniz gas was exported from the terminal daily during 2024, an increase of 7%.

The Sangachal terminal, located 55 kilometers to the south of Baku, is one of the most important facilities of the oil and gas industry in Azerbaijan. The terminal has an area of around 550 hectares, making it one of the largest oil and gas terminals in the world. The terminal was designed to receive, process, store, and export oil and gas from all existing offshore fields operated by BP in the Caspian basin, and it has the potential to be expanded.

The terminal includes oil and gas processing facilities, the first pumping station of the Baku-Tbilisi-Ceyhan pipeline, a compressor station of the South Caucasus Pipeline and others.

Eight different pipelines deliver oil and gas to the terminal from offshore facilities, and eight pipelines from the terminal deliver Azerbaijani it to world markets via various routes. The terminal also takes in oil from sources in Kazakhstan and Turkmenistan.