Baku, Azerbaijan, April 13
By Sara Israfilbayova – Trend:
Azerbaijan will additionally allocate $1.4 billion for the construction of the Southern Gas Corridor (SGC), Trend reports referring to the Market Analysis Azerbaijan 2019 publication.
According to the publication, the Southern Gas Corridor CJSC allocated $ 9.8 billion for the implementation of the project (out of a forecast of $ 11.5 billion) in 2018.
According to forecasts, the total investment in the project will exceed $40 billion.
The Southern Gas Corridor project is one of the priority projects for the EU and provides for the transportation of 10 billion cubic meters of Azerbaijani gas from the Caspian region through Georgia and Turkey to Europe.
The launch ceremony for the first stage of the Southern Gas Corridor project was held in Baku on May 29, 2018, and the opening ceremony of the TANAP was held on June 12 in Turkey’s Eskisehir Province.
As such, the first gas from the Azerbaijani Shah Deniz field has already gone through the first segment of the Southern Gas Corridor - from the Sangachal terminal (expanded for the Shah Deniz-2) via the expanded South Caucasus gas pipeline.
Recently, Trans Adriatic (TAP) and Trans-Anatolian (TANAP) gas pipelines were physically connected at the Turkish-Greek border.
Follow the author on Twitter: @IsrafilbekovaS