17 December – Shah Deniz announces the final investment decision. 19 September – Shah Deniz concludes the gas sales agreements with European buyers. 30 July – BP acquired a 20% interest in the TAP pipeline. 28 June – Trans Adriatic Pipeline (TAP) is selected as a transportation route to Europe. 18 January – BP, SOCAR, Statoil and Total signed an equity option and cooperation agreements with Nabucco shareholders.
1 August - BP, SOCAR and Total signed a Funding Agreement with TAP including an option for Shah Deniz shareholders to take 50% equity in the project. 26 June - Governments of Azerbaijan and of Turkey signed an intergovernmental agreement to build a new Trans Anatolian Pipeline (TANAP). 26 June - Shah Deniz (SD) Stage 1 achieved record production rate – 905 million standard cubic feet per day. 17 April - SD started the Front End Engineering and Design (FEED) of the second stage of the project.
5 October - 1 trillion standard cubic feet of total gas production from SD was reached. 25 October - BP, State Oil Company of Azerbaijan Republic (SOCAR) and SD co-venturers signed the gas sales and transit agreements with Turkey and a technical cooperation agreement with BOTAS to accompany a new intergovernmental agreement between Azerbaijan and Turkey. 13 January - European Commission and Government of Azerbaijan signed a Joint Declaration on the Southern Gas Corridor.
11 November - BP, SOCAR and SD co-venturers signed a five year extension to the Shah Deniz production sharing agreement (PSA) from 2031 to 2036. 26 June - Training of the SD workforce commenced in the Caspian Technical Training Centre. 7 June - Governments of Azerbaijan and Turkey sign the Memorandum of Understanding on SD Stage 2.
28 January - 5th appraisal well drilled as part of Stage 2 to get better understanding of the reservoir.
14 November - Major discovery of a new high pressure reservoir in a deeper structure of the SD field. 4 July - SD gas flows to Turkey.
15 December - Gas production start-up. 1 June - SCP commissioning commences. 28 April - SD platform Alpha deployed offshore. 7 April - SD Stage 1 subsea pipelay completed.
16 September - SD Stage 1 subsea pipelay commences. 22 August - Fourth pre-drill well spudded.
1 November - SD platform Alpha platform hull arrives in Azerbaijan. 14 October - SCP construction commences in Azerbaijan. 29 September - Drilling Equipment Set for SD platform Alpha arrives Azerbaijan. 26 July - SD Alpha platform hull loaded from Singapore. 23 February - Third pre-drill well spudded. 30 January - First SCP pipe arrives in Azerbaijan.
3 November - SD construction starts at Sangachal terminal. 26 September - Second pre-drill well spudded. 21 July - SD strikes steel for platform construction in Singapore. 5 June - SD Stage 1 construction contracts awarded. 21 April - First pre-drill well spudded. 11 March - Istiglal semi-submersible rig sails away to work on SD. 27 February - Sanction of the SD Stage 1 that includes construction of offshore platform and new gas export system - the South Caucasus Pipeline- from Azerbaijan through Georgia to the Turkish border.
14 March - The Government of Georgia and SD partners sign Host Government Agreement for the transit, transportation and sale of natural gas, marking the transition into the final stage of engineering, tendering and commercial development work. 21 February - The Government of the Republic of Azerbaijan and SD partners sign Host Government Agreement for the transit, transportation and sale of natural gas, marking the transition into the final stage of engineering, tendering and commercial development work.
29 September - Officials representing Azerbaijan and Georgia sign an Intergovernment Agreement and related accords for the transit, transportation and sale of natural gas. The execution of the documents is witnessed by President Shevardnadze and President Aliyev. 12 March - Officials representing Azerbaijan and Turkey sign an Intergovernment Agreement and a Sale and Purchase Agreement in Ankara to enable Turkey to buy gas from Azerbaijan. The execution of the documents is witnessed by President Sezer and President Aliyev.
4 October - The Azerbaijan Parliament ratifies the PSA. 4 June - SOCAR and foreign oil companies sign the Agreement on the Exploration, Development and Production Sharing (PSA) for the SD Prospective area in the Azerbaijan sector of the Caspian Sea.