Southern Gas Corridor

Azerbaijan is ready to discuss any proposals of Turkmenistan upon Transcaspian pipeline

Baku is ready to consider the proposals of the Turkmen side on the organization of transit of energy resources in the framework of the project of construction of the Transcaspian pipeline, Deputy f

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SGC project costs will not exceed $40 billion - BP vice-president

The costs of the project to create the Southern Gas Corridor (SGC) will not exceed $40 billion, said BP Vice President for SGC Joseph Murphy.

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Investments into Southern Gas Corridor exceed $30 billion

As of the beginning of October this year the volume of investments in the implementation of a large-scale project focused on the construction of the Southern Gas Corridor (SGC) reached $ 31.8 billi

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SOCAR expects to start supplies of Azerbaijani gas to Europe in 2020

SOCAR has expected timely completion of the Southern Gas Corridor construction and the beginning of the supply of Azerbaijani gas to Europe in 2020, deputy vice-president of SOCAR for investment an

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Azerbaijan overcomes trend of decline in gas production

In January-September 2018, Azerbaijan increased oil and gas condensate production by 0.7% compared to the same period in 2017 to 28.995 million tons.

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SOCAR: Azerbaijan expects to close issue of attracting loan from Hermes for Southern Gas Corridor by 2019

At the end of 2018, Azerbaijan plans to close an issue with a loan from German agency Hermes for implementation of a project to create Southern Gas Corridor, said deputy vice-president of SOCAR for

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Head of Hungarian Ministry of Foreign Affairs: Budapest is interested in joining project of Southern Gas Corridor and finds dialogue with Baku important

Budapest is interested in joining the Southern Gas Corridor project in the future, the Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto has stated.

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New gas supply routes to Europe to affect Europe's GTS.

The report of the rating agency S & P Global Ratings notes how new routes for supplying natural gas to European countries, including the Nord Stream 2 gas pipeline, as well as the strategy of E

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Southern Gas Corridor to provide about 50% of the Balkan states’ needs in natural gas

The Southern Gas Corridor will be able to provide about 40-50% of the Balkan countries' natural gas needs. This was stated by the Energy Minister of Azerbaijan Parviz Shahbazov.

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Head of SOCAR: Remaining gas reserves at Shah-Deniz estimated at 625 bln cubic meters

The remaining recoverable gas reserves at the Shah-Deniz field are estimated at 625 billion cubic meters, said head of SOCAR Rovnag Abdullayev.

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