Shah Deniz produced 20 billion m³ of gas in nine months, 4.8% less than in 2025

Operator bp and its partners in the Shah Deniz consortium published their business update for the first three quarters of 2026 on 4 November. According to the document, reported by the Azerbaijani agencies Trend, Report and AZERTAC, the Caspian Sea field produced around 20 billion cubic metres of gas and about 3 million tonnes of condensate in this period from the Shah Deniz Alpha and Shah Deniz Bravo platforms.

The figures. Gas output fell by 4.8% compared with the first nine months of 2025, when it stood at 21 billion cubic metres, while condensate output was unchanged. An average of 73.4 million cubic metres of gas per day left the Sangachal terminal, around 1.5% less than a year earlier. The capacity of the existing facilities is about 79 million cubic metres per day, or around 28.8 billion per year.

Investment. bp and its partners spent around $2.002 billion on operations and $1.078 billion on capital expenditure, 42.6% more than the $756 million spent in the same period last year, according to Trend. In September the Shah Deniz 2 project brought the fourth well on the East North flank into production.

Customers and the terminal. Gas continued to flow to SOCAR in Azerbaijan, GOGC in Georgia, BOTAŞ in Türkiye and buyers in Europe. The $230 million Sangachal terminal electrification project reached 90% completion; the terminal will be supplied from the national grid and its gas turbines will be removed in phases, freeing up gas for export, according to bp.

What comes next. Electrification will be completed in two stages, in mid-2027 and by the end of 2028. It is linked to the 240 MW Shafag solar plant in the Jabrayil district, where 50% of the modules had been installed by the end of the quarter, with construction continuing until mid-2027, according to AZERTAC. In the Shah Deniz consortium, bp holds 29.99%, Lukoil 19.99%, TPAO 19%, SGC 16.02%, NICO 10% and MVM 5%.