How much will be invested on Southern Gas Corridor in 2019? | Eurasia Diary - ednews.net

21 July,


How much will be invested on Southern Gas Corridor in 2019?

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Azerbaijan’s Southern Gas Corridor closed joint stock company (CJSC) plans to invest around $900 million in the relevant segments of the Southern Gas Corridor in 2019, Azerbaijan’s state oil company SOCAR told Trend.

The company said that in accordance with the financial obligations, the Southern Gas Corridor CJSC has invested a total of $9.6 billion in the projects as of 2018.

This is while the company’s investments in the projects in 2018 neared $1 billion, said SOCAR.

"This project plays a great role in terms of transporting natural gas from the Caspian Sea region to Europe, and we are always ready to provide our capabilities to neighbouring, friendly countries wishing to use transit routes through Azerbaijan," Azerbaijani FM Elmar Mammadyarov told to News.az.

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