Shah Deniz 2 begins production, but last 5 miles of pipe could cause a screeching halt in Europe
New supply is on the horizon for European gas markets, as BP (ticker: BP) recently announced the startup of stage 2 of the Shah Deniz project, one of the largest gas projects to start up this year.
Huge scope of the project
Shah Deniz 2 continues the development of the massive Shah Deniz field in the Caspian Sea, offshore of Azerbaijan. The field has an estimated 40 Tcf of gas in place, with large additional volumes of gas condensate. This phase ...


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