Shah Deniz final investment decision planned on Dec. 17

Partners in the BP-led Shah Deniz phase two natural gas project will make a final investment decision in Baku on December 17, Socar President Rovnaq Abdullayev told reporters today.A total of 39 agreements will be signed during a ceremony in the Azeri capital, Abdullayev said.Shah Deniz, in Azerbaijan’s section of the Caspian Sea, is believed to contain 1.2 trillion cubic meters of gas. The Shah Deniz phase two project is estimated to cost $25 billion.Partners in the project include BP (25.5 percent), Statoil (25.5 percent), Socar (10 percent), Total (10 percent), Lukoil (10 percent), TPAO (9 percent) and Nico (10 percent).

ANN.Az