BP Opens a New Chapter in Caspian Region Gas Exports
The British energy giant BP has announced its support for a strategic initiative to bring natural gas from Turkmenistan and Kazakhstan to world markets via Azerbaijan. This move is aimed at strengthening not only interregional cooperation but also Europe's energy resilience.
Key Objectives and Timelines of the Project According to the "Report" agency, Bagir Ibragimov, BP's Chief Geologist in Azerbaijan, highlighted the following aspects of the project:
- Timeline: The project will be a key tool in diversifying Europe's energy sources by 2030.
- Route: Transporting Turkmen and Kazakh gas across the Caspian Sea to Azerbaijan, and from there to global markets.
- Infrastructure: Creating a new system passing through the bottom of the Caspian Sea and integrating with existing pipelines.
BP's Role in the Project The company plans to utilize its long-standing experience and technological capabilities to implement this massive project:
- Experience Sharing: Adapting Azerbaijan's rich experience in major oil and gas projects to the new infrastructure.
- Logistics: Building a unified system that ensures efficient and reliable gas transportation.
- International Level: Attracting global investments and innovations to the project through its London headquarters.
BP is one of the world's largest energy companies, holding leading international positions in oil and gas exploration, production, and refining.
