BP PLC and its partners announced they started natural gas production from Shah Deniz Phase 2 offshore Azerbaijan. The $28-billion project is the first Caspian Sea subsea development. Shah Deniz 2, expected to produce 16 billion cu m of gas/year, is the starting point for the Southern Gas Corridor series of pipelines that will deliver gas from the Caspian Sea directly to European markets for the first time from 2020.

Source: News