VOL. XLV

No 41

14-October-2002

CASPIAN

Sanctioning Of Shah Deniz Delayed, Says BP

BP announced on 8 October that the decision to sanction the $3.2bn phase 1 development of the offshore Shah Deniz gasfield has been delayed to 2003. BP, which leads the consortium developing Shah Deniz, gave some indication that the project had run into trouble in August when it announced that sanctioning of the proposed South Caucasus Pipeline (SCP) would be delayed until October and that deliveries of Shah Deniz...