Shah Deniz Gas Field Expansion Project (ADB-49451-002)

  • Azerbaijan
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 7, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Republic of Azerbaijan
The holder of the loan, grant, or other investment.
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 526.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 4,492.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jul 3, 2020

Disclosed by Bank Dec 8, 2016

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Project Description

This project will support the Government of Azerbaijan's ongoing investment in the development of the Shah Deniz Stage II gas field expansion. The project outputs include (i) Shah Deniz-II natural gas
production and processing facility under construction, (ii) greater efficiency in gas sector, and (iii) jobs
created during construction and operations.

These components include (i) construction of two new bridge-linked oil platforms, (ii) drilling of 26
new subsea wells, (iii) construction of a new 500 kilometer subsea pipeline network, (iv) consolidation
of government’s interests in Shah Deniz within a single entity, and (v) creation of over 19,000
temporary and 1,800 permanent local jobs during construction and operation of Shah Deniz-II,

Investment Description

This is a two-pronged investment:
Loan from ordinary capital resources worth US$500 million.
Partial Credit Guarantee worth US$26.3 million.

Contact Information


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