Home / Tag Archives: Southern Gas Corridor

Tag Archives: Southern Gas Corridor

Opening of Southern Gas Corridor Comes at Right Time

Opening of the Southern Gas Corridor (SGC), which envisages transportation of Azerbaijani gas to Europe, comes at right time, Cyril Widdershoven, a Middle East geopolitical specialist and energy analyst, a partner at Dutch risk consultancy VEROCY and SVP MEA-Risk, told Trend. “Looking at other options, SGC is one of the …

Read More »

No Risk for SGC from Revival of South Stream: Expert

The revival of the Russian-initiated South Stream gas pipeline project poses no risk to the Southern Gas Corridor project, which envisages delivery of Azerbaijani gas to Europe, Charles Ellinas, CEO of Cyprus-based energy consultancy e-CNHC told Trend. “All agreements on the Southern Gas Corridor are in place, gas sales are …

Read More »

EBRD Pushes on With Azerbaijan Gas Loan After Transparency Rift

EBRD Pushes on With Azerbaijan Gas Loan After Transparency Rift

The European Bank for Reconstruction and Development is pushing ahead with plans to lend $500 million to Azerbaijan’s Southern Gas Corridor project after the nation was suspended from an international oil-wealth transparency watchdog. The development bank is “progressing” its financing to the $40 billion pipeline project with a final board decision expected …

Read More »

BP Plans to Complete Georgian Section of SGC by mid-2018

BP plans to complete the Georgian section of the Southern Gas Corridor (SGC) by mid-2018, said the company’s country manager for Georgia Chris Schlueter. The Georgian part of the project includes the construction of two compressor stations, a 65-km pipeline and a metering station near the Turkish border. Work on …

Read More »

Azerbaijani SGC Company sets Initial Guidance on $1B Bond Tap

Azerbaijan’s Southern Gas Corridor CJSC has set initial price guidance in the 5.875 percent area for a tap of its existing $1 billion bond, according to one of the banks leading the transaction. Citi, J.P. Morgan and UniCredit are the joint lead managers. In March 2016, Southern Gas Corridor Company …

Read More »

Southern Gas Corridor Important for Europe’s Energy Security

The Southern Gas Corridor project has strategic importance for the energy security of Europe, said Maros Sefcovic, European Commission vice-president for Energy Union, Feb. 23. He was addressing the Southern Gas Corridor (SGC) Advisory Council Third Ministerial Meeting in Baku. Sefcovic said the progress in the Southern Gas Corridor’s construction …

Read More »

White House: SGC Provides new hope for Stability

White House: SGC Provides new hope for Stability

The Southern Gas Corridor provides new hope and opportunity for stability and prosperity, said the statement released on the website of the White House Nov.15. “As Greece moves forward on the path to economic recovery, the United States will advocate policies to promote and foster economic growth and further opportunities …

Read More »

Southern Gas Corridor Remains Priority for EU

Southern Gas Corridor Remains Priority for EU

The European Union’s policy towards the Southern Gas Corridor (SGC) project remains unchanged, the European Commission press service told Trend commenting on the SGC project’s importance as compared to the Turkish Stream project. The SGC project is still a priority for the EU’s diversification and energy security strategy, the European …

Read More »

Why Difficult to Connect Israel to Southern Gas Corridor?

Why Difficult to Connect Israel to Southern Gas Corridor?

The practicalities and specifically, the infrastructure needs of connecting Israeli gas to the Southern Gas Corridor will make it difficult to accomplish, Agnia Grigas, energy and political risks expert, non-resident senior fellow at the Atlantic Council, told Trend Oct.17. Earlier, Cemil Ertem, advisor to the Turkish president, said that Turkey …

Read More »

Southern Gas Corridor Most Important Project for BP

The Southern Gas Corridor (SGC) is the most important project for BP, Tufan Erginbilgic, BP’s downstream chief executive, told reporters Oct. 13 on the sidelines of the 23rd World Energy Congress in Istanbul. Erginbilgic said the project worth $45 billion is important both for BP and the energy market. “The …

Read More »