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Azerbaijan seeks finance for Southern Gas Corridor

Azerbaijan is in talks with international financial institutions regarding loans and guarantees to finance the Southern Gas Corridor project.
By Staff reporter 19 July 2016 Europe & Russia / Companies & Finance 0 21149

Azerbaijan is in talks with international financial institutions regarding loans and guarantees to finance the Southern Gas Corridor (SGC) project, Finance Minister Samir Sharifov said in an interview with the Financial Times.

Baku is negotiating with a range of international financial institutions – including the World Bank, the European Bank for Reconstruction and Development and the Asian Development Bank – for $5 billion in loans and guarantees to fund its share of the SGC, which would would deliver Caspian gas directly to Europe, Sharifov told the...