Azerbaijan to spend $1.3B on Southern Gas Corridor

Jan. 17, 2017

The state-owned firm that manages the Southern Gas Corridor through Azerbaijan is expected to allocate about $1.3 billion to finance Azerbaijan's share in the pipeline project.The Southern Gas Corridor, which will deliver gas from Azerbaijan’s Caspian Sea Shah Deniz field to Europe, is one of the priority energy projects for the European Union, which aims to diversify routes and sources of energy supplies and thereby improve the energy security of the EU.


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