fbpx 49451-002: Shah Deniz Gas Field Expansion Project | Asian Development Bank

Azerbaijan: Shah Deniz Gas Field Expansion Project

Sovereign (Public) Project | 49451-002 Status: Active

The proposed Shah Deniz Gas Field Expansion Project will support the government's ongoing investment in the full field development of the Shah Deniz Stage II gas field expansion. The project aims to improve Azerbaijan's fiscal position by increasing revenues through the (i) export of natural gas from the expanded Shah Deniz natural gas production and processing facility, and (ii) creation of additional domestic employment.

Project Details

Project Officer
Roland C.J. Pladet Central and West Asia Department Request for information
Country
  • Azerbaijan
Modality
  • Loan
Sector
  • Energy
 
Project Name Shah Deniz Gas Field Expansion Project
Project Number 49451-002
Country Azerbaijan
Project Status Active
Project Type / Modality of Assistance Loan
Source of Funding / Amount
GU 3492-AZE: Shah Deniz Gas Field Expansion Project
Ordinary capital resources US$ 500.00 million
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Regional integration
Drivers of Change Partnerships
Private sector development
Sector / Subsector

Energy / Oil and gas transmission and distribution

Gender Equity and Mainstreaming No gender elements
Description The proposed Shah Deniz Gas Field Expansion Project will support the government's ongoing investment in the full field development of the Shah Deniz Stage II gas field expansion. The project aims to improve Azerbaijan's fiscal position by increasing revenues through the (i) export of natural gas from the expanded Shah Deniz natural gas production and processing facility, and (ii) creation of additional domestic employment.
Project Rationale and Linkage to Country/Regional Strategy ADB provides a partial credit guarantee (PCG) to support commercial bank financing for the government''s 16.67% share of the development costs of the project.
Impact Sustained revenues from oil and gas exports that will facilitate diversification of the country's economy
Project Outcome
Description of Outcome Increased production and exports of gas from the Shah Deniz gas field
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Shah Deniz-II natural gas production and processing facility under construction.

Greater efficiency in gas sector

Jobs created during construction and operations

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Nation-wide
Safeguard Categories
Environment A
Involuntary Resettlement B
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Responsible ADB Officer Roland C.J. Pladet
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Energy Division, CWRD
Executing Agencies
Southern Gas Corridor Closed Joint-Stock Company
1/3 Nizami Street, Sapphire Plaza
Baku, Azerbaijan, AZ1001
Timetable
Concept Clearance 26 Apr 2016
Fact Finding 30 Aug 2016 to 09 Sep 2016
MRM 29 Sep 2016
Approval 07 Dec 2016
Last Review Mission -
Last PDS Update 24 Sep 2018

GU 3492-AZE

Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 4,492.70 Cumulative Contract Awards
ADB 500.00 - 0.00 0.00 %
Counterpart 3,992.70 Cumulative Disbursements
Cofinancing 0.00 - 0.00 0.00 %

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

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Tenders

No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.