President of Azerbaijan attending meeting of SGC Advisory Council – PHOTO
Azerbaijani President Ilham Aliyev is taking part in the 8th meeting of ministers within the framework of the Advisory Council of the Southern Gas Corridor. Report informs, citing…
Azerbaijani President Praises WB Role in Implementation of Southern Gas Corridor
Azerbaijan will complete the Southern Gas Corridor (SGC) project within a few months, which provides for the creation of pipeline infrastructure for the supply of…
Three New Countries to Be Accepted at V Meeting on SGC Project
The 5th meeting of the Consultative Council (CC) on the project to create the Southern Gas Corridor (SGC) is opening in Baku today. According to…
Azerbaijan hopes to get another loan for SGC
Azerbaijan hopes to raise $1.5 billion by the end of 2018 for the Southern Gas Corridor project, the Deputy Vice-President of SOCAR (State Oil Company…
Italian President: Southern Gas Corridor is exceptionally vital for Europe
“Southern Gas Corridor and natural gas of the Caspian Sea are exceptionally vital for Europe,” said Italian President Sergio Mattarella during a press conference with…
Minister: Test work on TAP to be completed in a year
The engineering and test works on the construction of the Trans-Adriatic gas pipeline (TAP) will be completed in mid-2019, and commercial supplies of Azerbaijani gas…
Southern Gas Corridor officially opens
President of the Republic of Azerbaijan Ilham Aliyev has attended the inauguration of the Southern Gas Corridor in Sangachal terminal. The head of state also…
Energy relations between Azerbaijan and Greece are of strategic importance
“Certainly, bilateral relations between Azerbaijan and Greece are of strategic importance for both countries”. Report informs, the expert on energy, Dr. Vassilios Sitaras said. According…
EU Commissioner: Southern Gas Corridor is a major project for diversification
A key major project for our diversification efforts is the Southern Gas Corridor. Report informs, EU Climate Action and Energy Commissioner Miguel Arias Cañete said…
Azerbaijan invested $3.73bn in Shah Deniz project
$3.73 bln have been invested as per date on financing of Azerbaijan’s share in Shah Deniz gas condensate field development project (Stage 1 and Stage…
Azerbaijan fulfills 78% financial commitments to Southern Gas Corridor
As per date $ 8.9 bln was invested in Southern Gas Corridor (SGC) projects by the “Southern Gas Corridor” CJSC and its subsidiaries. Report was informed in…
European Parliament backs Southern Gas Corridor
A motion introduced by the Green group to oppose “projects of common interest” based on fossil fuels, including the Southern Gas Corridor, envisaging transportation of…
93% of TAP route in Greece and Albania cleared
93% of route of Trans Adriatic Pipeline (TAP), which will transport Azerbaijani gas to Europe, in Greece and Albania, was cleared. Report informs citing the…
Azerbaijan financed its obligations in international gas projects by 77%
Investments of the Closed Joint-Stock Company Southern Gas Corridor within the framework of Shah Deniz-2 projects and gas pipelines: the expansion of the South Caucasus…
No changes can be made in TAP project: Sefcovic
At this stage, no changes can be made in the Trans Adriatic Pipeline (TAP) project, which envisages transportation of Azerbaijani gas to Europe, European Commission…
Gas from Shafag-Asiman to be exported through SGC
In case of discovery of gas reserves as a result of drilling a well in the promising Shafag-Asiman structure in the Azerbaijani sector of the…
SOCAR names sum required to complete Southern Gas Corridor
Fitch Ratings has affirmed Azerbaijan’s state oil company SOCAR long-term Issuer Default Rating (IDR) at ‘BB+’, short-term IDR at ‘B’ and senior unsecured rating at…
Sefcovic: EU ready to mull possibility of connecting Iran to SGC
The EU is ready to discuss the possibility of connecting Iran to the Southern Gas Corridor. European Commission Vice-President for Energy Union Maros Sefcovic said…
SOCAR Balkans will carry out the FEED of the IAP pipeline
An agreement was reached to establish a new company for project design of the Ionian-Adriatic Pipeline (IAP), which will be connected to the Southern Gas…
TAP starts work on 1.5 km micro tunnel in Albania
On February 12, the Trans Adriatic Pipeline (TAP), organised a ceremony to mark the start of works for the 1.5-km micro-tunnel, which will connect the…
Filling of TANAP with gas has already begun
The project Southern Gas Corridor, as planned, will start in the summer of this year, while the filling of the Trans-Anatolian Pipeline (TANAP) with natural…
90% of TAP route cleared in Greece, Albania
Around 90 percent of the Trans Adriatic Pipeline (TAP) route has been cleared in Greece and Albania. TAP is a part of the Southern Gas…
Over 630 km of pipes laid as part of TAP construction
More than 630 kilometers of pipes have been laid within the construction of the Trans Adriatic Pipeline (TAP), the TAP consortium said. “The laying of…
Azerbaijan to export over 48 bcm of gas by 2040
Azerbaijan will see annual gas export growth rate of 9.1 percent, increasing its annual export volumes by 48 billion cubic meters by 2040, according to…
Azerbaijan and ADB sign loan agreement on gas projects
On 22 December of the current year, loan and guarantee agreements were signed for granting a syndicated loan facility in the amount of US$524.5 million….
Pipes laid on 620 Km of Greek-Albanian section of TAP
More than 80% of pipes have been laid on the Greek-Albanian section of the Trans Adriatic Pipeline (TAP), designed to supply Azerbaijani gas to Europe….
TAP lowers 62% pipes in Greece and Albania
Pipes lowered in and backfilled in 62% of route of Trans Adriatic Pipeline (TAP), which will transport Azerbaijani gas to Europe, in Greece and Albania….
Azerbaijan Finances Its Share of $6.6 Bn within Southern Gas Corridor
To date, Azerbaijan has invested $ 6.6 billion to finance its stake in the Stage-2 project for the development of the Shah Deniz gas condensate…